American Airlines Issues $1.14 Billion in EETC Debt to Finance 32 Aircraft
American Airlines (AAL) has issued $1.14 billion in enhanced equipment trust certificates (EETCs) to finance a fleet of 32 aircraft. The debt offering includes two tranches with yields of 5.25% and 5.75%, and is expected to provide an A rating from S&P Global Ratings. The move comes amid rising fuel costs and industry challenges.
Tickers: $AAL
Topics: airline industry debt financing EETC fleet modernization fuel costs