Japan Airlines said on Friday it had finalised plans to issue ¥300 billion of hybrid loans and subordinated bonds to help position it for a changed business environment due to the pandemic.
JAL had announced initial plans for the raising on Thursday but provided more details of the funding mix and uses on Friday. The airline said the proceeds from the raising would be used to introduce Airbus A350-1000s as its new flagship aircraft, helping it to reduce carbon emissions on international flights.
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