FlyerTalk Forums - View Single Post - The US/DL LGA slot swap [Master Thread]
View Single Post
Old Jan 5, 2012, 1:39 am
  #227  
BoeingBoy
 
Join Date: Apr 2006
Location: High Point, NC
Programs: None
Posts: 9,171
Originally Posted by US @ DEN
Did US also buy back its DCA slots from Republic?

Link
From the way the SEC filing is worded, it doesn't sound like buying back the slots. I wouldn't think that buying back the slots would be classified as a "repayment of an outstanding obligation" - US isn't obligated to buy back any of the slots as far as I know, although they do have a first right of refusal if Republic sells the slots. It seems that Republic did lend money to US in late 2008/early 2009 when US was trying to maintain enough "cash" to keep from defaulting on the credit card processor agreement, so perhaps this was repaying all/some of that.

Jim
BoeingBoy is offline