The carrier secured ¥100 billion ($1.03 billion) in loans from five Japanese banks for investment including aircraft purchases. JAL declined to say whether the money is government-backed, but Tokyo has said it would guarantee some loans as long as the company implements a turnaround plan. JAL lost ¥63billion in its year to 31 March and responded by axeing loss-making routes and switching to smaller aircraft to boost load factors.
Source: Flight International
US airlines are working to get their operations back into gear after a global computer outage forced some carriers to halt all departures overnight.
Virgin Atlantic will drop its Shanghai service this winter after 25 years as it further cuts its Asia-Pacific network amid the longer flying times necessitated by not being able to overfly Russia.
Southwest Airlines and Archer Aviation have signed a memorandum of understanding to create air taxi networks in and around cities in California served by the carrier.
