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Japan Airlines to get state aid
Japanese finance minister Kaoru Yosano said yesterday the government was preparing a loan for loss-making Japan Airlines (JAL), which has been caught up in the global economic crisis. A Development Bank of Japan official said it would likely provide around 100bn yen (£635m) in emergency financing to JAL. Government support for JAL will encourage commercial banks to lend to the airline, say analysts. In February JAL predicted an annual loss of 34bn yen.