| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
advertisement | |||
Friday December 28, 4:05 PMJAL says all options open on fund raising
The Nikkei business daily reported the airline will call for a capital infusion of up to 150 billion yen (1.33 billion dollars) from major creditors and business partners through a share issue. "All options are under consideration," JAL spokesman Stephen Pearlman said in response to the report. "We are looking into all funding options," he said without specifying. "But we have made no decisions yet." The Nikkei said JAL would turn to trading houses Mitsubishi Corp. and Mitsui and Co. in addition to major banks for a capital hike. The carrier hopes to reach agreements with them on its capital-boosting measures by the end of March, it said. JAL, which made losses in the previous two fiscal years, has been on a restructuring drive, axing unprofitable routes, cutting jobs and downsizing aircraft. Last month it reported its first-half net profits soared almost five-fold, helped by the restructuring measures and higher revenue on overseas routes. |
||||
|
Copyright © 2005 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.
|