U.S. Treasury agrees on loan terms with American, four other airlines – ZAWYA

U.S. Treasury agrees on loan terms with American, four other airlines – ZAWYA

U.S. Treasury agrees on loan terms with American, four other airlines | ZAWYA MENA Edition HomeBusinessArticleU.S. Treasury agrees on loan terms with American, four other airlines Treasury separately awarded airlines $25bln in payroll assistance    American Airlines aircraft are parked at Ronald Reagan Washington National Airport in Washington, U.S., August 8, 2016.WASHINGTON- The U.S. Treasury said on Thursday it has agreed on terms for government loans with five U.S. carriers, including American Airlines Group Inc.The Treasury said it had signed letters of intent with American, Frontier Airlines, Hawaiian Airlines HA.O , SkyWest Airlines, and Spirit Airlines under a $25 billion emergency loan program created by Congress in March.American said on Thursday it expects to close on a $4.75 billion Treasury loan in the third quarter on top of $5.8 billion in payroll assistance it was previously awarded.The Treasury said it had signed letters of intent with American, Frontier Airlines, Hawaiian Airlines HA.O , SkyWest Airlines, and Spirit Airlines under a $25 billion emergency loan program created by Congress in March.WASHINGTON- The U.S. Treasury said on Thursday it has agreed on terms for government loans with five U.S. carriers, including American Airlines Group Inc.American said on Thursday it expects to close