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Aircraft and finance. American Airlines issues EETC for 1.4 billion dollars

Fort Worth, USA - Investment secured by 75 airplanes

American Airlines announced the private offering of Class A Pass Through Certificates in the aggregate face amount of more than 1.4 billion dollars (about 1.07 billion Euros or 917 million pounds). The ETCs are financial securities used in aircraft finance: in a typical ETC transaction, a "Trust certificate" is sold to investors in order to finance the purchase of an aircraft by a trust managed...

AVIONEWS - World Aeronautical Press Agency - 1154231
Rome, Italy, 07/24/2013 17:24
AVIONEWS - World Aeronautical Press Agency

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