Thread: Bankruptcy
View Single Post
Old 03-08-2021 | 05:59 AM
  #371  
Cyio
Gets Weekends Off
5 Years
Line Holder
Gets Weekends Off
 
Joined: Mar 2017
Posts: 4,171
Likes: 151
Default

Originally Posted by victormike
Discuss:
CNBC: American Airlines plans $5 billion bond sale backed by frequent flyer program to pay back other debt- March 8, 2021

https://www.cnbc.com/2021/03/08/amer...r-program.html

Sounds like AA doesn't like the government's money. Do we have any assets left to leverage?
Is this a good thing though? I am not nearly smart enough for this kind of high level finance, hence why I pay a guy, but it would seem to me that borrowing 5 Billion to pay back 500 million seems odd. I mean I understand they will use that money to stay afloat, but a company already leading the pack in debt borrowing even more seems unsustainable.
Reply