JAL to raise 300 bil. yen later this month amid low travel demand

Japan Airlines Co. said Thursday it plans to raise some 300 billion yen ($2.7 billion) to strengthen its financial standing and secure operating funds for the future as air travel demand remains weak amid the coronavirus pandemic.The airline, known as JAL, said it will raise the funds through subordinated loans and bonds to avoid share dilution, while sources familiar with the matter said the company would use part of the funds to invest in green technology to cut greenhouse gas emissions.The company is looking for approximately 200 billion yen in subordinated loans, which can partially be …READ FULL ARTICLE