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Delta reveals deal for another $US3.1bn in payroll support

Delta Air Lines will receive $US3.1 billion in support to cover pay for employee wages, salaries and benefits under a deal inked with the US government.

A filing by the US carrier with the US Securities and Exchange Commission shows the relief payments are expected to consist of about $US2.2 billion in grants and $US890 million in an unsecured 10 -year loan.

The grant is roughly the same value as the deal that saw Delta and Northwest Airlines merge in 2008.

READ: Airlines say details critical for summer US-Europe travel.

The airline said it had already received a payment of $US1.5 billion under read more ⇒

Source:: AirlineRatings.Com

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