United Sells and Leases Back 15 B757's
CHICAGO (AP) -- United Airlines parent UAL Corp. said Tuesday that it raised $150 million with a sale and leaseback deal involving 15 Boeing aircraft.
The move was announced the same day that Delta Air Lines Inc. said it extended a credit card deal with American Express Co. to get a $1 billion boost in liquidity.
Source:
http://biz.yahoo.com/ap/081209/ual_cash.html?.v=1
Last edited by iluv2fly; Dec 9, 2008 at 4:18 pm
Reason: removed full quote of press release to comply with FT's copyright policy