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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.

The funds will be raised through subordinated loans and other financing measures, the sources said.

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