Apologies...I can’t have been clear about the loan...I was meaning the most recent loan about a week ago.
The CEO:Foran said it was expected the airline would need to begin drawing on that within months because its outgoings were so high - monthly labour costs alone were $110m.
"Every dollar we use from this loan facility comes with interest (more than double current interest rates for a household mortgage) and must be re-paid."
Not a mates rates loan!