Southwest to borrow $500 million:

09/20/2007 | Dallas Morning News (free registration), The

Southwest Airlines will borrow $500 million against the value of its aircraft fleet. The carrier is issuing "enhanced equipment trust certificates" secured by 16 Boeing 737-700 jets delivered between Nov. 1, 2006, and May 31. The appraised worth of the jets is $634 million, according to disclosures filed Wednesday with the Securities and Exchange Commission.

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Dallas Morning News (free registration), The

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