It now seems that the fate of Japan Airlines has taken another unexpected twist. This new information comes just after the government said that it was considering a loan of Y700 billion, $7.8 billion, to bailout the struggling carrier. After this news came out, the shares for Japan Airlines climbed over 7 percent, despite the fact that the deal has not even been made for certain yet.

The speculation of the bailout rose after a leak over the weekend that the guarantees were included in a draft supplementary budget being prepared by the government. This would actually suggest that the government was willing to front a significant amount of taxpayers’ money at the risk of losing the airline.

Despite the fact that this loan may have been included in the budget, the budget itself has not even been approved yet. In fact, the budget was delayed due to disagreements within the new Democratic party. At the end of last month, the airline secured its fourth government loan since 2001 in order to keep on flying. This came following the news that it has lost more than Y130 billion in the six months to September.

Right now the Enterprise Turnaround Initiative Corporation, which is a state backed investment body, is working on a restructuring plan for the struggling airline. Of course, this new plan is not even set to be unveiled until early next year.

This news about the government bailout comes as American Airlines just offered to raise its bid up to $1.1 billion in an attempt to keep Delta’s offer at bay. Both airlines are fighting to get Japan Airlines to join their airline alliances in order to take advantage of the open skies agreement, which is expected to be signed next year.