TOKYO -- Japan Airlines said on Friday that it planned to raise up to 168 billion yen ($1.6 billion) through a public offering, followed by a third-party allotment, in a bid to raise capital after the coronavirus pandemic has caused a huge drop in demand for air transport.
Through its equity finance plan, in which the company will issue new shares, Japan Airlines aims to strengthen its financial position while also investing in more energy-efficient aircraft in preparation for when demand picks up again.
