United withdraws USD 1bn from revolving credit facility

FlyerTalk has reported United Airlines has borrowed USD 1bn from its revolving credit facility, the company said.

The airline said it plans to use the funds for general corporate purposes.

The credit line comes from a 2017 Credit Agreement with JPMorgan Chase Bank as the agent. Guaranteeing the credit line are United´s route authorities on certain international flights, including those to China, Hong Kong, England and Japan.