First EETC issued on 787 aircraft; Qantas ditches Asian airline plans

Continental Airlines restarted the capital markets for aircraft financing in 2009 and today it has made another first with the best best-ever, all-in coupon for an aircraft EETC and on a portfolio of aircraft including the new 787 to boot. The airline is offering $892,138,000 of pass through certificates, series 2012-1, in two classes. Continental Airlines $753.035million series 2012-1 Class A pass-through certificates with an expected maturity of April 11, 2024, have a coupon of 4.150%, and $139.103million Continental’s series 2012-1 Class B pass-through certificates with an expected maturity of April 11, 2020 carry a coupon of 6.250%. Standard and