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United Airlines won a reprieve Tuesday from $500 million in looming debt repayments that threatened to push it into bankruptcy, announcing that a German lender has agreed to restructure the debt and take payment later.
Stock in the carrier surged 30 percent in response to the announcement.
United, which is losing more than $7 million a day, still faces a Dec. 2 deadline to pay off $375 million in aircraft-backed loans.
