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Continental EETC oversubscribed

05 November 2009

Continental finances 11 new Boeing aircraft and refinance another eight with $650 million bond.

Read more: Continental bond Morgan Stanley Goldman Sachs Credit Suisse enhanced equipment trust certificate EETC aircraft

Continental Airlines has raised $650 million with a bond that was four times oversubscribed. Morgan Stanley, Goldman Sachs and Credit Suisse are joint structuring agents and bookrunners for the two-tranche structure.

 

Natixis will provide a liquidity facility for the Class A and B certificates.

 

The class A enhanced equipment...


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"I'm doing some overbooking. We know that there will always be some cancellations."

John Leahy, chief operating officer, customers, Airbus

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