ANNOUNCED AS TEMPORARYNo
On March 4th, 2019, the Japan Bank for International Cooperation Co., Ltd. (JBIC) announced a 10.8 billion yen (96.6 million USD) loan guarantee for covering the interest on private financial institutions loan guarantee to Japan Airlines Corporation (JAL). ANA will use this loan guarantee for the importation of Boeing aircraft to be operated by Japanese airline company Japan Airlines Corporation. JBIC hopes that these loan guarantees will go to the maintaining of international competitiveness of the Japanese aviation industry.
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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