The Japanese government reportedly is considering guaranteeing repayment of private bank loans to bankrupt Japan Airlines.
The Japanese government reportedly is considering guaranteeing repayment of private bank loans to bankrupt Japan Airlines. According to Yomiuri Shimbun, Enterprise Turnaround Initiative Corp. of Japan (ATW Daily News, Jan. 15) would back the loans in order to enhance the airline's efforts to negotiate with creditor banks ahead of its rehabilitation plan deadline at the end of August. The newspaper reported that Hideo Seto, chairman of the government-backed turnaround body's ...
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