(Bloomberg) -- The perceived risk of owning the debt
of Japan Airlines Corp. plunged after a report said the carrier
asked its main banks for up to 400 billion yen ($3.3 billion).
The airline has asked banks to convert any new loans into
equity in the airline and intends to replace old aircraft with
smaller, fuel-efficient planes, Nikkei English News said today,
citing unidentified people close to the situation. Asia's most
indebted carrier forecast this month its first profit in three
years after losing 64 billion yen over the past two years.
Read more at Bloomberg Bonds News
of Japan Airlines Corp. plunged after a report said the carrier
asked its main banks for up to 400 billion yen ($3.3 billion).
The airline has asked banks to convert any new loans into
equity in the airline and intends to replace old aircraft with
smaller, fuel-efficient planes, Nikkei English News said today,
citing unidentified people close to the situation. Asia's most
indebted carrier forecast this month its first profit in three
years after losing 64 billion yen over the past two years.
Read more at Bloomberg Bonds News
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