Japan's ANA secures $3.8b loan as COVID travel slump bites

All Nippon Airways Co. (ANA) aircraft stand parked at Haneda Airport in Tokyo, Japan, on Wednesday, April 26, 2017. Photographer: Tomohiro Ohsumi/Bloomberg

Japan’s biggest airline ANA Holdings Inc has secured $3.8 billion in subordinated loans to bolster funds it needs to survive a slump in air travel caused by COVID-19 travel restrictions, three people with knowledge of the deal said.

While ANA has seen some rebound in domestic flight demand, helped by a government travel campaign, bookings remain below last year’s levels, with international air traffic still only a fraction of what it was before the pandemic.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter