Ge Ready For Usair?

[PINPOINT]

In a recent WSJ article:

At Delta, GE signed a three-year loan that Delta said was "secured by substantially all of Delta's remaining unencumbered assets." One thing GE asked for in return was a provision for Delta to take about 40 small regional jets in the future, if GE wanted. GE happens to have 39 regional jets on lease at US Airways.

sounds like GE already has a home for some of UAIR planes if they fold it up.

Can anyone verify this as being valid?

 

[WorldTraveler]

yes...see Delta's 8K filed with the SEC earlier this month. You can find it under investor relations on Delta.com.

I thought the number was 12 RJs but perhaps I missed another section of the document or there are multiple documents.

 

[Skyhungry]

It’s a prudent business decision by GE. They must keep all of their options open.

 

[vc10]

The number is 12. The WSJ article is in error.

It’s a prudent business decision by GE. They must keep all of their options open.

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