American Airlines plans to issue $956.8 million of aircraft enhanced equipment trust certificates (EETCs), according to deal documents. 

EETCs are backed both by aircraft and by the credit of the owner of the aircraft. Goldman Sachs is lead manager on the deal, American Airlines 2014-1.

The structure will offer $741.46 million of class A notes due Oct. 1, 2026 and $215.42 million of class B notes due Oct. 1, 2022.

The certificates are backed by perfected first priority security interest in five Airbus A319-112 aircraft delivered new to American in 2013, seven Airbus A321-231 aircraft delivered new to American in 2014, and five Boeing 777-323ER aircraft delivered new to American from 2012 to 2014.


Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.