AA Seeks To Generate $957m In Finance

American Airlines will issue two classes of enhanced equipment trust certificates to investors on September 16 with a total face value of approximately $957m.

American Airlines will issue two classes of enhanced equipment trust certificates to investors on September 16 with a total face value of approximately $957m.

The finance generated will be used to acquire equipment notes secured against five A319 aircraft delivered new to the carrier in 2013, seven A321 aircraft delivered in 2014, and five new 777s delivered throughout 2012–2014.

In a statement, the airline said the proceeds will be used for “general corporate purposes” and to pay fees and expenses related to the offering.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish