British Airways Pass Through Trust 2018-1AA is a securitization vehicle established to facilitate the financing of British Airways’ operations, headquartered in the United Kingdom. The purpose of the Trust is to provide a structured means for the airline to access capital markets through the issuance of asset-backed securities.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| IAGLN 3.80% 2033-03-20 USDBritish Airways Pass Through Trust 2018-1AA | United States | 2033-03-20 | 3.800 | 4.97 |
| IAGLN 3.80% 2033-03-20 USDBritish Airways Pass Through Trust 2018-1AA | United States | 2033-03-20 | 3.800 | 4.97 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The Trust first issued bonds in 2018, with significant transactions focused on supporting British Airways' leasing arrangements and operational financing. Notably, the 2018-1AA series has been well-received in the market, with current yields competitive against industry peers. The Trust is characterized by its structured payment waterfall, which prioritizes cash flows from revenue-generating assets tied to the airline's operations. Recent developments regarding travel demand post-pandemic have heightened investor interest in the Trust's offerings, reflecting a growing optimism in the airline sector.