IFLR1000

Air Canada $1.031 billion EETC securitisation

1/3/2015
Securitisation
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$ 1.031 billion

Announced

1/3/2015

Overview:

  • Air Canada has undertaken a $1.031 billion EETC securitisation.
  • The company has managed to finance one B787-8 and eight 787-9 aircraft with a three-tranche private offering of EETCs.
  • Morgan Stanley, Credit Suisse, Citigroup, Deutsche Bank, TD Securities and Natixis have acted as underwriters on the deal.

Katrin Kostadinova - Data analyst 

Jurisdiction:

Canada

Deal type:

Securitisation

Practice area:

Capital markets : Structured finance and securitisation

Governing law:

Canada

Industry sector:

Aviation

Firms:
Blake Cassels & Graydon

Party: Morgan Stanley (Underwriter)

Party: Credit Suisse (Underwriter)

Party: Citigroup (Underwriter)

Party: Deutsche Bank (Underwriter)

Party: TD Securities (Underwriter)

Party: Natixis (Underwriter)

Milbank

Party: Morgan Stanley (Underwriter)

Party: Credit Suisse (Underwriter)

Party: Citigroup (Underwriter)

Party: Deutsche Bank (Underwriter)

Party: TD Securities (Underwriter)

Party: Natixis (Underwriter)

Pillsbury Winthrop Shaw Pittman

Party: Natixis (Underwriter)

Stikeman Elliott

Party: Air Canada (Security agent)

Vedder Price

Party: Air Canada (Security agent)

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