American Airlines Raises $1.14B in Aircraft-Backed Bonds

American Airlines is raising $1.14 billion through enhanced equipment trust certificates (EETCs) to finance new aircraft and refinance existing loans. The carrier plans to use the proceeds to fund 17 new aircraft and refinance loans on 15 existing planes. The bond offering is backed by aircraft assets, a common practice in the airline industry to secure lower borrowing costs. The move comes as airlines seek to modernize fleets and manage debt amid recovering travel demand.