British Airways Pass Through Trust 2019-1, established in 2019 and located in London, serves as a vehicle for facilitating asset-backed securities linked to British Airways' operations. The trust primarily focuses on the issuance of bonds backed by cash flows generated from the airline’s revenues, providing a unique investment opportunity for retail investors seeking exposure to the aviation sector.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| IAGLN 3.35% 2030-12-15 USDBritish Airways Pass Through Trust 2019-1 | United Kingdom | 2030-12-15 | 3.350 | 5.75 |
| IAGLN 3.35% 2030-12-15 USDBritish Airways Pass Through Trust 2019-1 | United Kingdom | 2030-12-15 | 3.350 | 5.75 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The trust began its bond issuance in 2019 with a structured approach to securitizing ticket revenues underpinned by British Airways' brand strength. Significant issuances have occurred since inception, including a notable series in 2020 aimed at stabilizing finances during the pandemic, with current yields reflecting a competitive stance compared to the broader airline industry. Features such as enhanced covenants and liquidity provisions have been introduced to provide investors with greater security, emphasizing the trust's commitment to transparency and risk management amidst fluctuating market conditions.