The Japan Bank for International Cooperation (JBIC), a state-owned financial institution and export credit agency, has signed a loan guarantee agreement with 31 private institutions, including Sumitomo Mitsui Banking Corporation, covering the principal amount and interest of their respective loans to ANA Holdings.
The guarantee, which covers a total principal amount of approximately JPY85.6 billion yen (USD792.7 million), will support ANA Holdings in obtaining financing from private financial institutions to import six unspecified aircraft from Boeing (BOE, Washington National) and Airbus (AIB, Toulouse Blagnac).
"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," it said.
According to the ch-aviation fleets module, as of May 31, ANA - All Nippon Airways (NH, Tokyo Haneda) had orders for fifteen A320-200neo, two A321-200NX(LR)s, one A380-800, twelve B787-10s, and ten B787-9s.
Earlier this month, JBIC signed a similar loan guarantee agreement with JAL Group covering a principal of JPY88.4 billion (USD818.67 million) to be extended by three megabanks that include Mitsubishi UFJ Bank and Kyoto Bank. The guarantee will provide for loans for the purchase of eight Airbus and Boeing jets for JAL - Japan Airlines (JL, Tokyo Haneda) and its subsidiaries.
