Debt exceeds the value of the Japan Airlines at 8.8 billion dollars

Debt obligations of the Japanese national air carrier, Japan Airlines Corp, JAL, would have exceeded the assets of the airline at $ 8.8 billion if it had a bankruptcy in the near future.

This assessment of the financial status of Asia's largest carrier is given on the initiative of the state commission responsible for the restructuring of JAL. This shows the depth of the problems faced by the airline. To avoid the collapse, she needed urgent support banks and the state.


The State Commission seeking loans of 180 billion yen to JAL not left without cash in the next month. Necessary to increase the total capital of the airline at 300 billion yen with the Government and the private sector, well-informed source told Reuters.

Most experts believe that the current government of Japan does not throw the national airline to its fate, and, even more so, prevent the collapse of the company. Even though the fourth unprofitable for the past 5 years year, the debts of $ 15 billion and inflated asset values.

At the same time, creditors, which include 3 leading bank in the country and the State Development Bank of Japan, so far rejected all proposals of the state commission. Bankers are not without reason to believe that they are being asked to shoulder to shoulder too heavy a burden for the Restoration of Japan Airlines.

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