Originally Posted by
DeadHead
Is that a loan that DAL had to pay back anyway, or is this associated with some type of steep penalty or fine??
Basically is this new debt or lingering debt. If it is lingering then I think it's a moot point.
The company's decision to move its training and technical workers out of Minnesota means it must pay off $175 million it owes the Metropolitan Airports Commission on a 1992 loan to help then-struggling Northwest. That debt agreement, revised after Delta acquired Northwest, required it to retain its Eagan training centers -- or repay the money.
Pat Hogan, a spokesman for the commission, which owns the airport, said Delta still is obligated by lease agreements to maintain a minimum of 360 departures a day, and the airline more than meets that with 480 now.