The carrier secured ¥100 billion ($1.03 billion) in loans from five Japanese banks for investment including aircraft purchases. JAL declined to say whether the money is government-backed, but Tokyo has said it would guarantee some loans as long as the company implements a turnaround plan. JAL lost ¥63billion in its year to 31 March and responded by axeing loss-making routes and switching to smaller aircraft to boost load factors.

Source: Flight International