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Japan Airlines Asking the Lenders for More Money

Wednesday, October 27th, 2010

Japan airlines is planning to ask for money to four major lenders and the other existing firms to increase the capital and investment to bolster. This has been reported by the Nikkei business daily reported. The airline operator which is scheduled to get huge amount from state-backed Enterprise Turnaround Initiative Corporation of Japan (ETIC) and some money from the creditors.

This is uncertain that the banks will provide the funds for the further investment in Glob star. The additional loans application is still in air the Nikkei said. Japan airlines are going to ask the development bank of Japan for the required and necessary loan which they have applied.

Basically the bank and the Japan airlines mutually understand each other for their needs and in future the banks are going to provide more loans for the growth and the development of the Japan airlines.

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