📋 Tender Overview
The Japan Bank for International Cooperation (JBIC, Governor: HAYASHI Nobumitsu) signed today a guarantee agreement with private financial institutions*1 for the principal and interest of their loans (total principal amount covered by guarantee: approximately JPY18.2 billion) for the import of an aircraft by Japan Airlines Co., Ltd. (JAL).
The aim of this guarantee agreement is to support the import of an aircraft from Airbus S.A.S in France, by assisting with financing from private financial institutions. The airplane will be leased to JAL, the operator, by Dia Lancer Ltd., FG Rose Leasing Co., Ltd., and NTL28 LTD., its special purpose companies. This will contribute toward maintaining and improving the international competitiveness of the Japanese aviation industry.
In its Medium-term Management Plan for the fiscal years until 2025, JAL states that it will focus on its ESG strategy and will promote activities for reducing total CO2 emissions to virtually zero in 2050. Having recognized CO2 emissions from aircraft as a particularly substantial issue, JAL is proactive in replacing its aircraft with fuel-efficient ones. The import of this aircraft aligns with the Medium-term Management Plan and will help to reduce environmental impact.
As Japan’s policy-based financial institution, JBIC will continue to provide financial support for the import of aircraft that are indispensable for the lives of the people in Japan, as well as for initiatives by Japanese companies to realize a decarbonized society, in collaboration with private financial institutions.
