ALPS_EETC业务介绍.docxVIP

to be published inGUIDE TO CAPITAL MARKETS1998Aircraft Lease Securitization: ALPS to EETCsby?William C. BowersSecuritizations of aircraft leases have become an important source of capital for U.S. airlines as well as for U.S. and non-U.S. lessors. Such financing provides access to the U.S. and foreign capital markets, opening up a significant new source of capital for the air transportation industry. There are two basic structures for securitizing aircraft leases: the enhanced equipment trust certificate (EETC) securitization and the portfolio securitization. This article briefly describes the