Slammed by high fuel prices, airlines are tapping the capital markets to boost liquidity. Delta Air Lines was the latest, tapping its entire $1 billion revolving credit facility on Monday.
US Airways Group Inc. got in on the act earlier this month, issuing more than 21 million shares of its common stock, raising about $179 million. Although it’s headquartered in Tempe, Ariz., US Airways leaned on McKenna Long & Aldridge partner Stacy S. Ingram of Atlanta as its lead securities counsel.
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