American Airlines: obtains 5.5 billion dollar loan

(CercleFinance.com) - After signing an agreement with the US Treasury Department for a 4.
75 billion dollar loan, American Airlines has been able to secure an additional loan of 750 million dollars, bringing its total loan to 5.5 billion dollars.

The group says that it has also completed an additional 1.2 billion dollar funding with Goldman Sachs Merchant Bank. Today's actions are helping us to consolidate our long-term liquidity until demand returns, it added.

The company assures that it will continue to fight for an extension of the wage support program in Washington DC to cover team members' wages and benefits beyond 1 October.


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