JAL to Expand Capital by Up to 150 Billion Yen
Japan Today | Dec. 29, 2007
Japan Airlines Corp is planning to expand its capital by up to 150 billion yen, asking its key business partners, including banks and trading firms, to invest in it, informed sources said on Dec. 28.
The airline is considering issuing preferred shares without voting rights so as to avoid dilution of shares.
The airline is likely to ask for cooperation as early as mid-January with the hope of reaching agreements with the partners by around March, the sources said.