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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

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