TOKYO -- The parent of Japanese airline All Nippon Airways is considering a public offering of around 200 billion yen ($1.89 billion), Nikkei learned on Friday.
ANA Holdings earlier this year secured about 1 trillion yen of working capital from banks, putting the cash toward aircraft lease and loan interest payments while it rides out the coronavirus pandemic. But with demand from passengers remaining low and unlikely to recover anytime soon, the airline operator has decided to increase its capital through a public offering of common stock.
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