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.

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)

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.