"Dubai's flagship airline carrier Emirates last week raised $630 million through the issuance of enhanced equipment trust certificates (EETC) to fund the purchase of four Airbus A380 aircraft.
EETCs are secured financing, and are used by airline carriers to buy aircraft, mainly in the United States. Typically they are issued through a special purpose vehicle which assumes ownership of the aircraft and leases them out to the airline carrier.
The lease payments received by the SPV are then channelled to bondholders through coupon payments. "
'via Blog this'
No comments:
Post a Comment