Japan Airlines (JAL) is seeking to raise up to ¥223 billion ($1.95 billion) through the sale of new shares to help it improve its financial position and modernise its fleet
The airline has been in financial difficulty because it has been hurt by increased fuel costs and by a series of much-publicised safety issues last year
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I think this could be a worthy investment, JAL are a world leading airline and you'd be very unlucky not to get a nice divedend every year and a rise in stock value if you were to invest.
I'm thinking this isn't a "we're fast running out of money" story. More a "We need more cash to jumpstart the market again"...