Reply To: American Airlines Sells $1bn of Frequent Flyer Miles to Citigroup

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VintageKrug
Participant

What an extraordinary deal; makes you see how FF miles are becoming almost a currency in themselves:

http://news.bbc.co.uk/2/hi/business/8261227.stm

AMR, the parent of American Airlines, has raised $2.9bn (£1.8bn) of new financing to help it through the global downturn in air travel.

The group said $1bn of the total came from advanced sales of frequent flyer miles to Citigroup bank.

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BTUK September 2017
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