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Interest payment on debt is expected to double from $797.2 million in 2003 to $1.7 billion in 2007.
One motivating factor is a looming $375 million payment on debt backed by aircraft, which the airline missed this week.
The rejection comes as United is facing a critical Monday deadline for making a $375 million payment on debt backed by aircraft.
Moody's on Friday said it would give the government even more time to work on a broader budget plan, but it warned that a missed payment on debt would result in a downgrade.
The rejection comes as United is facing a critical Monday deadline for making a $375 million payment on debt backed by aircraft, and just as the busy holiday travel season gets under way.
But that point seemed moot because United has said it will have to seek bankruptcy protection if it cannot win approval for the loan guarantees and misses a $375 million payment on debt, backed by aircraft, that is due on Monday.
Similar(51)
Interest payments on debt are just one of the ways in which the government makes commitments for the future.
Well, some of it is payments on debt.
But interest payments on debt are tax-deductible, giving debt finance an advantage.
It takes aim at the tax deductibility of interest payments on debt.
Money is spent on things such as public services, state pensions and interest payments on debt.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com