Originally Posted by
crzepilot
Delta, without disclosing details, was able to decrease their exposure to being on the hook for a $300 mil loan to GOL. They helped GOL negotiate better terms to enable GOL to continue to pay the loan, until air travel rebounds.
It will all come out in mid October (Q3 10-Q) if not before. The Sep. 9 presentation may have some Q&A about it, but then again maybe not. It does seem to be hush hush for now. Perhaps it looks bad for CARES 2 or OCT 1 furloughs and not drawing attention to it so it is forgotten or little known is intentional. Paying foreign carriers' debts while accepting one government bailout and asking for another, all while furloughing Americans who's pay was the focus of the bailout might not be the best brand image.