Guarantee for Loans by Private Financial Institutions for Importing Aircraft
Japan, Feb. 19 -- The Japan Bank for International Cooperation (JBIC) signed a guarantee agreement with Sumitomo Mitsui Banking Corporation for the principal and interest of their loans (total principal amount covered by guarantee: approximately JPY16.2 billion) for the import of an aircraft by Japan Airlines Co., Ltd. (JAL). The guarantee agreement will aim to support the import of an aircraft from Airbus S.A.S in France, by assisting with financing from private financial institutions. The airplane will be leased to JAL, the operator, by Red GK Leasing Co., Ltd. and TLC Dracaena Co., Ltd., its special purpose companies. This will contribute toward maintaining and improving the international competitiveness of the Japanese aviation industry...
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