This is the first JOLCO closing in a USD 1.12 billion transaction combining senior secured enhanced equipment trust certificates
(EETC) and JOLCO equity in relation to a number of new generation British Airways operated aircraft.
Fitch has also upgraded the class B certificates for United's 2014-2 and 2012-2 series of enhanced equipment trust certificates
(EETCs) to 'BBB+' from 'BBB' and affirmed the ratings for United's other outstanding enhanced equipment trust certificates
Dubai's flag carrier Emirates has been tapping US capital markets through equipment trust certificates
and received a guarantee from the French export credit agency for its floating-rate capital market bond.
Capital markets such as that in Enhanced Equipment Trust Certificates
(EETC), a secured corporate bond structure typically used by U.S.
1 May 2012 - Morgan Stanley & Company LLC, Citigroup Global Markets Inc and Goldman Sachs & Company were mandated to book-run a sale of enhanced equipment trust certificates
by US Airways Inc, the airline said on Monday.
US Airways Inc, a wholly-owned subsidiary of US Airways Group Inc (NYSE:LCC) on Thursday announced its plans to make an offering of Class C enhanced equipment trust certificates
in the aggregate principal amount of approximately USD53m.
The carrier is issuing "enhanced equipment trust certificates
" secured by 16 Boeing 737-700 jets delivered between Nov.
Also, aircraft can be financed through various means, including the use of Enhanced Equipment Trust Certificates
(NBB), in a USD 870 million transaction combining senior secured enhanced equipment trust certificates
(EETC) and Japanese operating lease with call option (JOLCO) equity in relation to a number of new generation British Airways operated aircraft, the company said.
Among options on the table, Ryanair is exploring whether to use a euro-denominated version of Enhanced Equipment Trust Certificates
(EETC), a dollar-denominated funding structure popular with US airlines and gradually being adopted abroad.