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Delta embarks on deleveraging program
26 April 2010
The largest carrier in the world, Delta Air Lines, speaks to delegates at the New York Airfinance conference about the airline’s financial strategy.
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Delta Air Lines
Paul Jacobson
2010 New York Airfinance Conference
fuel hedge
Boeing
787
Delta Air Lines will embark on a deleveraging program over the next several years. “We’re going to use this cycle to de-lever,” said Paul Jacobson, senior vice president and treasurer, Delta Air Lines, addressing delegates at the New York Airfinance conference. In his keynote address, Jacobson said the airline would access the capital markets to pay off maturing debt, which is essential due to volatility....
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