Guarantee for Loan by Private Financial Institutions for Importing Aircraft
Contributing to Stable Import of Aircraft
- Region: North America
- Marine and Aerospace
- Import Loans
The Japan Bank for International Cooperation (JBIC; Governor: Akira Kondoh) signed today a guarantee agreement (total principal covered by guarantee: JPY20.9 billion) 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 JAL as it takes out loans necessary for the import of aircraft (operated by the JAL Group) from The Boeing Company in the U.S. Thus it will contribute 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 20 banks, including The Bank of Tokyo-Mitsubishi UFJ, Ltd., Mizuho Bank, Ltd., and Sumitomo Mitsui Banking Corporation.