IP: Query Airline bailout and debt service

[David Farber <dave () farber net>]

> From: "Karen Bosley" <kbosley () mindspring com>
> To: <farber () cis upenn edu>
> Subject: Airline bailout and debt service
>
>
> Dave, the financial problems of the European airways announced today 
> reminded me to ask IPers a question that's been on my mind since the 
> multi-billion dollar gift to US carriers. Does anyone on the list have an 
> estimate of the degree to which the woes of US airlines is connected to 
> debts incurred as part of mergers or acquisitions--or just plain debt? In 
> other words, was the money needed to meet operational expenses, or was 
> there a debt problem that was intensified by the drying up of their cash 
> flow immediately after September 11? Just a thought.
>
> John Bosley



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