equipment trust certificate

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Equipment Trust Certificate

A certificate entitling the holder to the revenue from the lease of an asset. In an equipment trust, the trust owns the asset and leases the asset to a company (which usually set up the trust). Certificate holders receive lease payments until the certificates mature, at which point ownership of the asset is transferred to the company leasing it. Rail and airline companies use equipment trust certificates in order to finance the purchase of trains and planes.

equipment trust certificate

An intermediate- to long-term security that pays a fixed return based on payments received from the lease of equipment. These certificates are frequently used by railroads and airlines to finance rolling stock and aircraft, respectively.
References in periodicals archive ?
US Airways intends to sell, depending on market and other conditions, class C enhanced equipment trust certificates in addition to the issuance of its 2010-1 series of class A and B enhanced equipment trust certificates, which was completed on 21 December 2010.
This offer is subject to market and other conditions and is in addition to the company's previously announced offering of Class A and Class B enhanced equipment trust certificates.
The offering is an additional issuance from the series 2010-1 of enhanced equipment trust certificates which originally closed on 21 December 2010, with an offering of class A and B certificates, US Airways said.
The airline has offered enhanced equipment trust certificates in the aggregate principal amount of around USD340m.
M2 EQUITYBITES-March 12, 2015-Air Canada announces enhanced equipment trust certificates
HA), announced today the closing of its first-ever offering of Enhanced Equipment Trust Certificates ("EETC") securing fixed, low-interest financing for the acquisition of six new Airbus A330-200 aircraft delivering over the next 18 months.
NASDAQ: AAL) said that it priced an offering of two classes of enhanced equipment trust certificates for USD957m.
Northwest Airlines will pre-fund the financing of 27 76-seat Embraer E-175LRs with $454 million in secured public aircraft financing structured with Enhanced Equipment Trust Certificates.
M2 EQUITYBITES-May 31, 2013-American Airlines launches private enhanced equipment trust certificates offering(C)2013 M2 COMMUNICATIONS http://www.
Honolulu-based carrier Hawaiian Airlines Inc (NASDAQ: HA) said that its first-ever offering of enhanced equipment trust certificates which will be used to secure fixed, low-interest financing for the acquisition of six new Airbus A330 aircraft delivering over the next 18 months.
Texas-based airline operator AMR Corp's (OTC: AAMRQ) said that its American Airlines Inc operating subsidiary has launched a private offering of two tranches of enhanced equipment trust certificates in the aggregate face amount of USD 663,378,000.
NEW YORK -- Fitch Ratings upgrades the class A certificates for Delta Air Lines' (DAL) Enhanced Equipment Trust Certificates (EETC) Series 2007-1 to 'BBB+' from 'BBB-'.

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