(C) Reuters. FILE PHOTO: American Airlines passenger planes crowd a runway where they are parked due to flight reductions to slow the spread of coronavirus disease (COVID-19), at Tulsa International Airport in Tulsa
(Reuters) – American Airlines (NASDAQ:AAL) Group Inc said on Monday it intends to privately offer notes worth about $5 billion to repay government debt.
The U.S. airline will use the proceeds to repay outstanding debt under the loan with the U.S. Department of the Treasury and for other purposes.
American Airlines to offer $5 billion in notes to repay government debt
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