United Airlines intends to raise more than £286 million with a B tranche of notes added to its Series 2016-1 enhanced equipment trust certificates issuance, which comprised both AA and A notes. The junior B certificates, which are rated BBB by Fitch, amortise over 7.9 years, with an 73.0% initial and max loan-to-value ratio and a weighted average life of 5.4 years. The notes have a security interest in 13 Boeing aircraft – one 737-800, three 737-900ERs, two 787-9s, and seven 777-300ERs – that were delivered to United between December 2016 and June 2017. United has retained the option to

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