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

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.

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