Japan Airlines, which is seeking a state bailout, seeks bridge loans totaling 125 billion yen ($1.4 billion) from banks, executive officer Yoshimasa Kanayama said at a news conference on Friday.

JAL, which applied for mediated debt restructuring earlier on Friday, is seeking its fourth state bailout since 2001 as it grapples with $15 billion in debt, a massive pension deficit and dozens of unprofitable routes.

(Reporting by Nobuhiro Kubo)

Japan Airlines