ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Japan Airlines to raise up to $1.6bn from share sale

New shares up to 30% of total could be issued, shoring up finances amid pandemic

This fiscal year, Japan Airlines expects to fall into the red for the first time since it relisted on the Tokyo Stock Exchange in 2012, as travel markets have been hit by the pandemic.   © Reuters

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more