American Airlines Shores Up $2.9 Billion In Funds
Texas-based AMR secured $1 billion in cash from the advance sale of its AAdvantage frequent-flyer program to Citigroup, the airline's current credit card partner, the company said Thursday.
In a separate deal, AMR has secured $280 million in cash under a new loan facility with GE Capital Aviation Services, General Electric's aircraft finance unit. The loan will be secured by...
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