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

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In
   
Forgot password? Click here to reset
New User? Click here to register