ANNOUNCEMENT 04 Mar 2019
On March 4th, 2019, the Japan Bank for International Cooperation Co., Ltd. (JBIC) announced a loan for covering the interest on private financial institutions loans to Japan Airlines Corporation (JAL).
NUMBER OF INTERVENTIONS
JBIC (2019) 航空機の輸入のための民間金融機関融資に対する保証 Guarantee for private financial institution loans for importing aircraft
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.