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?
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?