ANNOUNCED AS TEMPORARYNo
The guarantee agreement between JBIC and a total of 20 banks has a total value of JPY 20.9 billion (USD 182.09 million). The guarantee facilitates Japanese Japan Airlines Co., Ltd (JAL) to take loans for the import of an aircraft to be operated by the company.
In this context, JBIC stated highlighted that: "...it (ed. the loan) will contribute to maintaining and strengthening the international competitiveness of the Japanese aviation industry."
Guarantees for imports of manufactured goods
JBIC provides financial guarantees for goods and services deemed essential to the development of the Japanese economy. This includes the import of for example aircraft. Further information can be found on the Bank’s website under guarantees for imports of manufactured products.
The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.
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