Federal Express Corp. and Continental Airlines Inc. are said to be prepping separate enhanced equipment trust certificates (EETC) deals, which, though not technically considered securitizations, are often marketed to similar investors, as both product types are secured by aircraft and provide exposure to airline industry.

According to filings with the Securities & Exchange Commission, Federal Express can issue up to $380 million in securities, while Continental can issue up to $1.7 billion. Both are S-3 filings, which allows an issuer repeat access to a shelf.

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