• Kyodo

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Japan Airlines Co. said Friday it will likely be able to raise ¥500 billion ($4.7 billion) from lenders to secure its financial standing as it navigates a severe downturn in demand for travel due to the coronavirus pandemic.

"We are looking to secure ¥500 billion," JAL President Yuji Akasaka told a general shareholders meeting, adding that the airline has already borrowed ¥200 billion from financial institutions.

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