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Delta Air Lines to get $5.9 million loan

November 7, 2013
Associated Press

DULUTH, Minn. (AP) — Delta Air Lines will receive a $5.9 million forgivable government loan to refurbish a call center in northern Minnesota that was mostly built with government money in the first place.

The loans are handled by the Iron Range Resources & Rehabilitation Board.

The Duluth News Tribune reports (http://bit.ly/1hQcl2z ) the board Thursday approved the deal that requires Delta to keep 525 employees there, up from the current 418.

Delta officials said they hope to begin within weeks.

The 12-year "forgivable loan" starts to come due in five years, but the payments will be forgiven if employment stays above 450.

Northwest Airlines built the center with a $9.7 million loan from the board in 1994. Of that, $1 million was repaid and the rest was forgiven. Delta bought Northwest in 2008.

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Information from: Duluth News Tribune, http://www.duluthnewstribune.com

 
 

 

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