Americas

United to raise $3bn with new EETC secured on spare parts, engines and aircraft

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United to raise $3bn with new EETC secured on spare parts, engines and aircraft

United Airlines is seeking to raise $3bn through an A class enhanced equipment trust certificate (EETC) issuance, which is secured on collateral pool of spare parts, spare engines and aircraft, valued at $5.8bn. The collateral package comprises all of United’s spare parts inventory, 99 spare engin...

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