British Airways (BA) has abandoned plans to issue bonds part-secured on London Heathrow (LHR) slots because of poor take-up. On July 9, BA said it planned to issue bonds secured on the “shares and assets” of new BA subsidiary British Airways Ltd., which operates scheduled services between London City and New York JFK in cooperation with BA. The assets included up to 31 daily slot pairs at LHR. But BA has now abandoned the plan, which was subject to investor feedback and ...

Subscribe to Access this Entire Article

"Printer-friendly" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.