Japan’s Advantage Partners mulls investing in ANA-backed Star Flyer

Japanese fund Advantage Partners is looking to invest in domestic airline Star Flyer Inc, offering much-needed funding amid a slump in air travel, Kyodo News reported on Monday.

Star Flyer is planning a third-party allocation of new shares to raise about 10 billion yen ($95 million), according to recent media reports. Advantage Partners is looking to take part, on condition that existing shareholders also participate, Kyodo said, citing sources.

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