Do you want to access to this and other private contents?
Log in if you are a subscriber or click here to request service

Aircraft and finance. British Airways issues 927-million-dollar EETCs

London, United Kingdom - "We diversify our sources of funding", IAG's CFO comments

International Consolidated Airlines Group announced the successful launch by British Airways of an inaugural 927-million-dollar publicly-traded bond issue, using aircraft as collateral. These bonds are known as EETCs, or Enhanced Equipment Trust Certificates, and are a form of aircraft financing commonly used by US airlines. They are financial securities used in aircraft finance: In a typical ETC...

AVIONEWS - World Aeronautical Press Agency - 1153464
Rome, Italy, 06/26/2013 11:36
AVIONEWS - World Aeronautical Press Agency

Similar

Civil aviationITA-Lufthansa (2): do the Euro-elections hinder marriage?

The vote in June will impose a new political vision on the dossier

The elections for the European Parliament, scheduled for 6 to 9 June 2024, could hinder the marriage of the two national airlines, the Italian ITA Airways and the German Lufthansa. Due to the electoral... more

AirlinesScandinavian airline SAS joins SkyTeam

Accession agreement signed as part of rescue procedure

The formal agreement to join the SkyTeam alliance has been signed by the national carrier Scandinavian Airlines (Sas). The announcement was made in the last few hours by the air carrier's management. It... more

Civil aviationFirst flight of the Airbus "Racer" helicopter

Tested the maneuverability of the prototype aircraft

First flight of the "Racer" helicopter prototype developed by the European manufacturer Airbus Helicopters. The Group announced it. The technology demonstrator, called Rapid And Cost-Efficient Rotorcraft,... more