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American Airlines to offer $5 billion in notes to repay government debt

The US airline will use the proceeds to repay outstanding debt under the loan with the US Department of the Treasury and for other purposes.

Published on: Mar 8, 2021, 19:19:32 IST
Reuters | Posted by Harshit Sabarwal
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American Airlines Group Inc said on Monday it intends to privately offer notes worth about $5 billion to repay government debt.

American Airlines flight 718, the first US Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, US. (Reuters)
American Airlines flight 718, the first US Boeing 737 MAX commercial flight since regulators lifted a 20-month grounding in November, takes off from Miami, Florida, US. (Reuters)

The US airline will use the proceeds to repay outstanding debt under the loan with the US Department of the Treasury and for other purposes.

 
ABOUT THE AUTHOR
Harshit Sabarwal

Online journalist based in New Delhi. I read about global conflicts and the drug war in Mexico.

Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
Stay updated with the latest Business News, stock market updates, petrol and diesel prices, gold and silver rates, income tax updates and major developments from India and across the world.
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