American Airlines Group said that it plans to secure $3.5bn in new financing, to improve the airline’s liquidity as it struggles with travel restrictions caused by the Covid-19. The company plans to raise $1.5bn by stock sale and convertible senior notes due 2025. Additionally, it will offer $1.5bn in senior secured notes and that it intends to enter into a new $500mn term loan facility due 2024.
How about not, scott
Before bailing them out with tax payer money, How about we see some changes first?
Holy crap that's allot of money