Delta closes a total of $2.1 billion in loans, making progress toward 2010 debt payments

September 30th, 2009 AirTran Airways bolsters cash positionATLANTA — The parent of discount carrier AirTran Airways said Wednesday it has reached deals to extend its credit card processing agreement with its largest card processor and to give itself more financial flexibility. The Orlando, Fla.-based company said the card processing agreement has been extended to Dec.

September 17th, 2009 A look at airlines' debt pictureAMR CORP, parent of American Airlines: Long-term debt and capital lease obligations as of June 30 (includes principal amount of airport facility tax-exempt bonds and present value of aircraft operating lease obligations): $14.2 billion CONTINENTAL AIRLINES INC.: Long-term debt and capital lease obligations as of June 30: $4.96 billion DELTA AIR LINES INC: Long-term debt and capital lease obligations as of June 30: $14.8 billion UAL CORP., parent of United Airlines: Long-term debt and capital lease obligations as of June 30: $6.8 billion US AIRWAYS GROUP INC.: Long-term debt and capital lease obligations as of June 30 (net of current maturities): $4.07 billion ———Sources: SEC filings. Figures may not offer straight comparisons depending on how airlines report them.

September 16th, 2009 Delta Air Lines plans $500M private debt offeringATLANTA — Delta Air Lines Inc. wants to give itself some more breathing room to deal with $904 million in debt that would come due after it receives a single operating certificate to fully integrate Northwest Airlines into its fold.

July 30th, 2009 New Federal Housing Administration loan assistanceWASHINGTON — Loans backed by the Federal Housing Administration will be eligible for payment reductions similar to the Obama administration's loan modification program, the government will announce Thursday. Effective Aug.

July 16th, 2009 Lending flat in May among top banks in bailoutNEW YORK — Lending among the biggest banks to receive government bailout funds was flat in May as the worsening recession led to efforts to pay off debt, the U.S. Treasury said.

June 19th, 2009 ProLogis closes on $347 million in secured loansDENVER — Distribution-facility owner ProLogis said Thursday it has closed on three secured loans totaling $347 million that it will use to pay off other corporate debt. Denver-based ProLogis said it closed on the loans with two major life insurance companies.

June 17th, 2009 E-Trade plans stock offer, debt exchangeNEW YORK — E-Trade Financial Corp. said Wednesday it is raising capital and exchanging debt in an effort to get out from under mortgage-related loan losses.

June 3rd, 2009 Sallie Mae CEO sees loan losses peaking in 2009NEW YORK — Sallie Mae CEO Albert Lord said Wednesday he expects loan charge-offs at the student lending company to peak in 2009 and remain high next year. Charge-offs are loans written off as not being repaid.

April 29th, 2009 Nardelli says Chrysler making progressNEW YORK — With one day left to go before its deadline, Chrysler LLC's chief executive said Wednesday that the automaker is making progress toward meeting the government's restructuring requirements. In a letter to Chrysler employees obtained by The Associated Press, CEO Robert Nardelli pointed to the deal reached Tuesday with the automaker's largest debt holders, along with a tentative new labor agreement approved by union leaders earlier this week.

April 28th, 2009 Highlights of Democratic budget planHighlights of the nonbinding Democratic budget blueprint for the 2010 budget year starting Oct. 1. —Spending: Calls for $3.4 trillion in new spending, including $1.2 trillion for defense and domestic programs funded through appropriations bills, and $130 billion for the wars in Iraq and Afghanistan.

April 17th, 2009 MANILA - The Asian Development Bank (ADB) Friday said that it approved a total of $10.5 billion in loans in 2008, the highest in its 42-year history. India was the largest borrower with $2.9 billion, or 27.4 percent of the total loans extended last year.

March 31st, 2009 NEW DELHI - India's total external debt rose to $230.85 billion at the end of December from $224.65 billion at September-end, the finance ministry said Tuesday. 'The total external debt marginally increased 2.8 percent from $224.65 billion at September-end 2008, as commercial external borrowings by India Inc continued to enjoy major chunk of external debt,' a ministry release said.

February 2nd, 2009 ISLAMABAD - Pakistan's public debt is expected to rise by a staggering 34 percent or Rs.2 trillion ($25 billion) in the current fiscal largely due to the massive depreciation of the rupee and external loans obtained for maintaining the balance of payments. The public debt was at Rs.5.9 trillion at the beginning of the fiscal July 1, 2008.

January 1st, 2009 CHENNAI - The Rs.36.38-billion ($744 million) mining-cum-power company Neyveli Lignite Corp (NLC) will raise Rs.18.5 billion to fund its expansion projects. The company's board has sanctioned raising Rs.5 billion through private placement of secured non-convertible taxable bonds with an option to retain over-subscription up to Rs.1 billion and Rs.12.5 billion through a mix of rupee term loans, external commercial borrowing (ECB), and issue of bonds in one or more tranches.

December 26th, 2008 MOSCOW - Russian gas export monopoly Gazprom has said its dispute with Ukraine over payments could cause disruptions in deliveries to Western Europe, a news agency reported. Gazprom spokesman Sergei Kupriyanov said that the head of the Russian gas behemoth Alexei Miller had notified Europe's largest clients that it could not rule out the possibility of a cut off, according to Itar-Tass.