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Japan Airlines gets more aid

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Japan Airlines, which for months fighting for its survival, has received additional bridge loan. The Japanese Development Bank doubled the credit to the airline to 200 billion yen (about 1.5 billion euros).

Plan
The money can go fly JAL temporarily. The aim is to end in January by a viable restructuring plan to have ready.

Downturn
The announcement comes a day before opening of the Tokyo Stock Exchange. On the last trading day of last year collapsed the share price of Japan Airlines together for fear of bankruptcy.

Offer
The Japanese airline would have already received offers from Delta Air Lines and American Airlines. But this would be the airline may have to cede its overseas flights. (belga / edp)