Matt Molnar
2008-05-13, 10:37 AM
Southwest Airlines borrows $600 million (http://www.businessweek.com/ap/financialnews/D90KCMCG0.htm)
The Associated Press May 12, 2008, 6:53PM ET
Southwest Airlines Co. said Monday it borrowed $600 million from Citibank and seven European banks to bolster its cash position in the face of economic uncertainty and soaring fuel prices.
The airline disclosed in a regulatory filing that it tapped the full amount of the loans on Friday.
The loans were secured by the first-lien mortgages on 21 of Southwest's Boeing 737-700 aircraft. [Full Article (http://www.businessweek.com/ap/financialnews/D90KCMCG0.htm)]
The Associated Press May 12, 2008, 6:53PM ET
Southwest Airlines Co. said Monday it borrowed $600 million from Citibank and seven European banks to bolster its cash position in the face of economic uncertainty and soaring fuel prices.
The airline disclosed in a regulatory filing that it tapped the full amount of the loans on Friday.
The loans were secured by the first-lien mortgages on 21 of Southwest's Boeing 737-700 aircraft. [Full Article (http://www.businessweek.com/ap/financialnews/D90KCMCG0.htm)]