British Airways Pass Through Trust 2021-1, established in 2021, is located in London, UK, serving as a financial vehicle for the issuance of secured bonds backed by British Airways' passenger flight revenues. The trust aims to provide a structured way for investors to access funds generated from these aviation services while maintaining a focus on financial performance.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| IAGLN 2.90% 2036-09-15 USDBritish Airways Pass Through Trust 2021-1 | United States | 2036-09-15 | 2.900 | 4.83 |
| IAGLN 2.90% 2036-09-15 USDBritish Airways Pass Through Trust 2021-1 | United States | 2036-09-15 | 2.900 | 4.83 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
The trust's initial bond issuance occurred in 2021, aimed at generating capital to support British Airways during recovery from the pandemic’s impact. Notable is its strategic use of bonds backed by future cash flows, allowing flexibility and potential tax advantages. Current yields for these bonds are competitive within the airline industry's corporate bond sector, reflecting both the recovery path of British Airways and investor confidence in the long-term prospects of the airline market following recent challenges.