All Nippon Airlines (ANA) is reportedly exploring options for credit lines that would furnish approximately Y1.3 trillion ($11.9 billion) in liquidity to see it through the coronavirus pandemic.
Japanese news outlets, originating with the Nikkei Asian Review, report unamed sources as saying that the airline is looking for Y1 trillion from the state-owned Development Bank of Japan, in addition to Y300 billion from commercial banks.
ANA declined to comment on the matter.
The coronavirus pandemic has forced ANA to make extensive network cuts on both its domestic and international networks.
In its first-half operating results released in October 2019, ANA revealed that its cash and cash equivalents as of 30 September stood at Y240 billion.
