Japan Airlines' main lenders reportedly are not willing to provide the bankrupt carrier with further relief unless they see evidence that it is making strides in slashing costs, in particular by cutting back on international services. To ensure the carrier stays afloat through the bankruptcy process, it has access to ¥900 billion ($9.9 billion) from the Enterprise Turnaround Initiative Corp. of Japan and the Development Bank of Japan, both of which are government-backed institutions. ETIC, ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.