There is word that American Airlines is in preliminary discussion with the Oklahoma Development Finance Authority regarding a sale-leaseback transaction involving two of the company's maintenance facilities in Tulsa.

The sale-leaseback talk involves a possible $6.5 million state-assisted purchase of those facilities, which include American's Composite Material Repair Facility and its Auxiliary Power Unit facility. The transaction, sources report, is aimed primarily at saving American Airlines money and saving Tulsa jobs; the carrier reported a $1.04 billion loss in the first quarter of 2003. Ideally, the airline would receive a lower interest rate from the ODFA than it would from a commercial lender.

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