Delta worked with GOL to replace loan
09-02-2020, 10:01 AM
#1
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Joined APC: Dec 2013
Posts: 70
Delta worked with GOL to replace loan
From memo to employees. So now we have the assets to pay off loans for airlines we don't even partner with but we can't pay contractual furlough pay to our own employees?
Full pay to the last F'n day.
Full pay to the last F'n day.
09-02-2020, 11:38 AM
#3
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Joined APC: Mar 2008
Position: 737 FO
Posts: 630
Originally Posted by WhiskeyDelta
Is this in a Delta memo? If so point us to it. That said, the news media articles stated that GOL came up with the money on their own.
09-02-2020, 04:52 PM
#4
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Joined APC: Oct 2017
Posts: 391
Numbers are double top secret code word classified. It was stated we helped guarantee a new loan with more favorable terms and more time. Hopefully we didn’t burn a good favor from a useful finance Company. But we also are not paying full furlough pay while foregoing a very low interest rate $5B loan from Money bag Uncle Sam. Things that make you go hmm. Or rage scream into a pillow.
09-03-2020, 06:18 AM
#5
Dabbling in Pacifism
Joined APC: Aug 2011
Position: Speed of sound tour
Posts: 115
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.
09-03-2020, 06:40 AM
#6
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Joined APC: Mar 2015
Position: stake holder ir.delta.com
Posts: 10,051
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.
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