Textron Financial was prepping up two deals - the long-awaited debut of its franchise loan series and an aircraft lease securitization - prior to the events of Sept. 11. Both deals have been postponed, sources said.
Deutsche Bank Alex. Brown had reportedly been in the preliminary stages of marketing the aircraft deal, backed by leases on small commercial jets - the deal has since disappeared, presumably in relation to the headline risk and the general fallout of the airline industry. The company's last aircraft securitization was put on watch with negative implications by Fitch following the terrorist attacks and their impact on the industry. There's no telling when, or if, Textron will resume this deal.