10/6/2009

United Airlines will pay off $556 million in debt from 2001 by borrowing against 31 of its aircraft. "We are seeking to refinance existing debt to take advantage of current market conditions to strengthen our balance sheet and reduce our debt payment obligations over the next couple of years," a spokeswoman said. United plans to raise a total of $659.1 million, with the excess going toward general corporate purposes.

Related Summaries