Airline

American priced $664m EETC at record low while in bankruptcy

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American priced $664m EETC at record low while in bankruptcy

For a bankrupt carrier, American Airlines has shown its worth with two tranches of enhanced equipment trust certificates (EETC) worth $663,378,000 pricing at a record low yesterday. The $506.7 million Class A certificates, with an expected maturity of 12.3 years and an average life of 8.2 years, wer...

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