Guarantee for Loan by Private Financial Institutions for Import of Aircraft
Contributing to Stable Import of Aircraft
- Region: North America
- Marine and Aerospace
- Import Loans
The Japan Bank for International Cooperation (JBIC; Governor, CEO: Hiroshi Watanabe) signed a guarantee agreement (principal covered by guarantee: JPY9 billion) on February 29th with private financial institutions*1
for the principal and interest of their loan to Japan Airlines Co., Ltd. (JAL)
This guarantee is intended to support the borrowing by JAL of the funds required to import aircraft from The Boeing Company in the U.S. to be operated by JAL from private financial institutions, thereby contributing to maintaining and strengthening the international competitiveness of the Japanese aviation industry.
As Japan's policy-based financial institution, JBIC will continue to provide financial support for the import of aircraft that are indispensable for the lives of the Japanese people.
- *1 A total of 5 financial institutions, including, Mizuho Bank, Ltd. The Bank of Tokyo-Mitsubishi UFJ, Ltd. and Sumitomo Mitsui Banking Corporation.