Japan Airlines Corp. (JALSY) is poised to secure Y200 billion ($2 billion) in emergency loans from creditors such as the state-supported Development Bank of Japan, the Financial Times reported Thursday, citing unnamed people close to the matter.

The airline's three main private-sector banks - Mizuho Financial Group Inc. (MFG), Mitsubishi UFJ Financial Group Inc. (MTU) and Sumitomo Mitsui Banking Corp. (8316.TO) - and the Japan Bank for International Cooperation, also are set to join in the rescue, the newspaper reported on its Web site, citing the people.

JAL is expected to announce more cuts on salaries and other costs in exchange for the funding, the people said, according to the newspaper.

Full story: http://www.ft.com/cms/s/0/e0303288-24e4-11de-8a66-00144feabdc0.html