and needs to raise cash to pay down debt.The company reported losses of $11.8 billion last year and was forced to raise $21 billion in October. While the company had only $10.5 billion in cash at the end of September, it ended the year with $26.3 billion after the debt and equity raise.
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However, with a high debt load of $58 billion, up $10 billion from last year, the company is looking at non-core assets to raise cash. According to news reports, Jeppesen, the company’s navigation unit, has attracted substantial interest from industry players and private equity firms.
