Originally Posted by
jsled
Don't know about "had to borrow money", since UAL expects to end this quarter with 3 billion in cash. More like it CAN borrow money from a regional....."you want the contract? you have to pay". The majors are in the driver's seat. The regionals will play ball, or end up like Mesa.
UAL borrowed that money from SkyWest at 11% interest! The loan was guaranteed by ground equipment! That doesn't sound to me like a loan on UAL's terms! It sounds like they "had" to get the money. Additionally, it's a LOAN not a PAYMENT. How is that "paying"?
Please cite your source on the $3B cash...