MenuClose

  • JP
  • SearchClose
About JBIC
About JBIC

This page introduces information on JBIC's role and organization.

Close

Support Menu
Support Menu

JBIC offers a range of financial products and other services to our clients.

Close

Business Areas
Business Areas

Information about JBIC's activities in each business area and its efforts for environmental conservation.

Close

Public Information
Public Information

Various reports compiled and contributed by JBIC

Close

Sustainability
Sustainability

JBIC's Sustainability Initiatives

Close

Press Releases
Press Releases

Press-release-related web pages.

Close

Investor Relations
Investor Relations

This page introduces information on JBIC's investor relations.

Close

Guarantee for Transition-Linked Loans by Private Financial Institutions for Importing Aircraft
Contributing toward Stable Import of Aircraft and Decarbonization

  • Region: North America
  • Marine and Aerospace
  • Import Loans
  • Guarantees
February 28, 2024
  1. The Japan Bank for International Cooperation (JBIC; Governor: HAYASHI Nobumitsu) signed today a guarantee agreement (total principal covered by guarantee: approximately JPY11.2 billion) with private financial institutions*1 for the principal and interest of their transition-linked loans to Japan Airlines Co., Ltd. (JAL).
      
  2. This guarantee is intended to support JAL in obtaining financing from private financial institutions to import one aircraft from The Boeing Company in the U.S., thereby contributing toward maintaining and improving the international competitiveness of the Japanese aviation industry.
      
  3. In its Medium-term Management Plan for the fiscal years until 2025, JAL states that it will focus on its ESG strategy and will promote activities for reducing total CO2 emissions to virtually zero in 2050. Having recognized CO2 emissions from aircraft as a particularly substantial issue, JAL is proactive in replacing its aircraft with fuel-efficient ones.
      
  4. Transition-linked loans are a financial instrument where variable conditions, such as interest rate, apply depending on the borrower’s level of achievement toward a goal of CO2 emissions reduction. Utilizing this financial methodology in this loan from private financial institutions is expected to promote JAL’s efforts to achieve its goal of CO2 emissions reduction.
      
  5. As Japan’s policy-based financial institution, JBIC will continue to provide financial support for Japanese companies in their efforts to realize a decarbonized society and for the import of aircraft that are indispensable for the lives of the people in Japan, in collaboration with private financial institutions.
      
Note
  1. *1 
    Mizuho Bank, Ltd., MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation, the Bank of Kyoto, Ltd., and the Chiba Bank, Ltd.

Search press releases

Fiscal Years
Sectors
Region
Finance Menu