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ANA seeks $2.8bn loan from Japan government lender

Carrier lines up operating capital, expecting yearlong travel slump

Tokyo's Haneda Airport: ANA Holdings has slashed international service by nearly 90% amid widespread travel restrictions. (Photo by Kosaku Mimura)

TOKYO -- ANA Holdings seeks 300 billion yen ($2.79 billion) in financing from a program run by the government-backed Development Bank of Japan as the carrier braces for a prolonged drop in air travel.

The All Nippon Airways parent also plans to seek a total of 1.3 trillion yen in credit lines from the DBJ and private-sector financial institutions, Nikkei learned Friday, to ensure continued access to operating capital as the coronavirus pandemic sinks its revenue

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