The transport ministry said Wednesday that the Development Bank of Japan will extend emergency loans to Japan Airlines System Corp. and All Nippon Airways Co. to help them overcome the adverse effects of the war in Iraq and severe acute respiratory syndrome.
The governmental lender will provide low-interest loans to the carriers under an emergency government program to help public interest-oriented businesses cope with rapid changes in the economic environment, the Land, Infrastructure and Transport Ministry said.
The terms of the loans, including the amounts, have yet to be determined.