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twitterCarrier files for loan guarantee
Wednesday, May 8, 2002 | 11:02 a.m.
Bankrupt Las Vegas-based National Airlines has filed for a federal loan guarantee, as expected, with the Air Transportation Stabilization Board.
The airline needs the $70 million loan guarantee for financing approved by Foothill Capital, a subsidiary of Wells Fargo Bank. The company's bankruptcy reorganization plan is dependent upon approval of the loan guarantee.
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