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JAL to raise $2.7bn to deal with COVID travel slump

Cash to come from subordinated loans and other measures

Japan Airlines is seeking $2.7 billion in fresh capital to tide it over as the carrier continues to struggle with a decline in air traffic due to the COVID-19 pandemic.   © Reuters

TOKYO -- Japan Airlines is looking to raise 300 billion yen ($2.7 billion) in funds to ride out anticipated funding challenges amid the continued slump in air traffic, sources have told Nikkei.

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