JAL - Japan Airlines (JL, Tokyo Haneda) will issue 20 million Series 1 Bond-Type Class Shares to raise JPY200 billion yen (USD1.27 billion). The proceeds will fund capital expenditures for A350 and B737-8 aircraft purchases until the end of March 2028. The carrier will list the shares on the Tokyo Stock Exchange Prime Market to attract individual investors. Concurrently, the airline will reduce its stated capital and additional capital reserves by JPY97.5 billion (USD620 million) each and transfer the amounts to other capital surplus.