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Japan Airlines May Get 100 Billion Yen in Loans, Mainichi Says

By Tak Kumakura

Nov. 10 (Bloomberg) -- Japan Airlines Corp. may receive 100 billion yen ($1.1 billion) in bridging loans from three major lenders, including the Development Bank of Japan, the Mainichi newspaper said.

The banks may agree to provide the loans if the government drafts a law that would require the airline to cut pension payouts. The agreement may be reached by Nov. 13, the newspaper reported, without saying where it obtained the information.

Last Updated: November 9, 2009 17:10 EST

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