United is mortgaging its frequent flyer program to raise $5 billion
New York(CNN Business)United Airlines is mortgaging its Mileage Plus frequent flyer program, its latest effort to raise the cash it needs to weather the Covid-19 crisis. The term loan will come from Goldman Sachs (GS), Barclays (BCS) and Morgan Stanley (MS), and it will take seven years to repay. The interest rate was not… Read More »