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Delta Airlines: obtained a USD 500 m of financing from GE Commercial Finance

Washington, Usa - Few possibilities to avoid the Chapter 11 are coming up

Delta Airlines announced yesterday that GE Commercial Finance has agreed to provide it USD 500 m of financing made in the form of a senior secured revolving credit facility of USD 300 m and USD 200 m in the form of a senior secured term loan that will mature in three years and will be payable in 12 equal monthly instalments. This is considered a great success for Delta that at the beginning of last...

AVIONEWS - World Aeronautical Press Agency - 106623
Rome, Italy, 11/02/2004 20:10
AVIONEWS - World Aeronautical Press Agency

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