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Non-Tech : Airline Discussion Board
JETS 25.18-2.0%Nov 13 4:00 PM EST
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From: Sam9/24/2020 12:52:01 AM
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OldAIMGuy

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Delta to preserve cash with delayed deliveries, sale-leaseback deal
Sep. 23, 2020 3:28 PM ET|About: Delta Air Lines, Inc. (DAL)|By: Clark Schultz, SA News Editor


Delta Air Lines ( DAL -1.9%) is reportedly in discussions with Airbus SE ( OTCPK:EADSF) on delaying 40 aircraft deliveries or more scheduled for this year.

In another unrelated cash-raising move, Delta plans to generate $750M from a sale-leaseback deal for nine of the remaining Airbus jetliners scheduled to be handed over, per sources. The financing is said to involve five Airbus A321 planes, two A350 aircraft and two A330neo jets.

Now take a look at Delta's cash flow statement at the end of Q2.

seekingalpha.com
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