Recently FNN reported the following:
According to the information obtained by FNN about Japan Airlines' management rebuilding which was connected to some bridge financing that must be dealt with in November, it was understood that in the morning of the 6th that a government task force had requested an ordinary financing of about 100 billion yen from the syndicate of banks in a shape that the no state guarantee would be attached. It was understood that in the morning of 6th, Senior Vice Minister of Land, Infrastructure and Transport together with Senior Vice Minister of Finance of the government, as members of the Japan Airlines rebuilding task force conferred with Development Bank of Japan etc bank syndicates about Japan Airline's request for a bridge finance of around 100 billion yen which normally without state guarantee attached. The banks insisted that they reserved their attitude because "Financing without the state guarantee is difficult". The task force at this stage considered it difficult to make judgement on the state guarantee and the possibility that it might become a public financial burden, and had requested to understand the announcement of the government on the substance of the special legislation of the pension reduction. On the other hand, Japan Airlines decided on a policy to seek the return of the winter bonus given to about 230 managers who were beyond the directorate level, and was also considering putting on hold the bonus to the 17,000 employees.
From the above, it is obvious that the airline industry in Japan is still having a hard time.