Question

Heritage Airways is planning to expand its fleet by

purchasing five B737s at a price of $465 million. A local bank is
providing a loan to Heritage in the amount of $465 million for the
purchase price?

Answer 1

Heritage Airways is expanding its fleet with a $465 million loan for buying five B737s, relating to business financial management.

Step-by-step explanation:

The subject in question pertains to Heritage Airways planning on expanding their fleet by purchasing five B737s at a cost of $465 million. The financing for this acquisition comes in the form of a loan from a local bank for the same amount of $465 million. This scenario falls under the category of business and more specifically, it touches upon