Northwest Airlines takes

Northwest Airlines takes jab at United’s bid for federal loan guarantee. United has $2.7 billion in cash and $3 billion in aircraft that it owns outright. Northwest just raised $750 million in bonds back by their aircraft. Is there any reason United can’t do the same? United wants a subsidized loan of $1.8 billion from the federal government, but the argument about lack of access to capital markets seems weak — especially when Delta has recently raised $3.5 billion on its own.

About Gary Leff

Gary Leff is one of the foremost experts in the field of miles, points, and frequent business travel - a topic he has covered since 2002. Co-founder of frequent flyer community InsideFlyer.com, emcee of the Freddie Awards, and named one of the "World's Top Travel Experts" by Conde' Nast Traveler (2010-Present) Gary has been a guest on most major news media, profiled in several top print publications, and published broadly on the topic of consumer loyalty. More About Gary »

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