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Global airlines raised more than US$17 bil from banks in weeks

Bloomberg
Bloomberg3/29/2020 9:33 PM GMT+08  • 1 min read
Global airlines raised more than US$17 bil from banks in weeks
Delta Air Lines Inc is the top borrower this month, obtaining US$5.6 billion, followed by Singapore Airlines, which secured a S$4 billion bridge loan
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(Mar 29): Airlines worldwide raised more than US$17 billion ($24.3 billion) in bank loans in March to shore up their finances amid the coronavirus outbreak.

US carriers were the most active, borrowing US$12.5 billion, according to data compiled by Bloomberg. Delta Air Lines Inc. is the top borrower this month, obtaining US$5.6 billion, followed by Singapore Airlines, which secured a S$4 billion ($2.8 billion) bridge loan, and United Airlines Holdings Inc., which raised US$2.5 billion.

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