(Bloomberg) -- The perceived risk of owning bonds of
Japan Airlines Corp. declined after a report said the carrier
asked its main banks for up to 400 billion yen ($3.3 billion) to
reduce debt.
The airline has asked lenders to convert any new loans into
equity in the airline, 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
Japan Airlines Corp. declined after a report said the carrier
asked its main banks for up to 400 billion yen ($3.3 billion) to
reduce debt.
The airline has asked lenders to convert any new loans into
equity in the airline, 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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