Japan Airlines to raise $1.6b in share sale, restructure business amid pandemic pain

Japan Airlines to raise $1.6b in share sale, restructure business amid pandemic pain

Photo: Japan Airlines' Facebook page

Japan Airlines Co Ltd on Friday said it would raise up to 168 billion yen ($1.62 billion) by selling new shares to shore up its finances as the COVID-19 pandemic hits air travel.

Bring stories like this into your inbox every day.

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