Note: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Clarify that the slots are not owned by the airline. Source: The Treasurer, February 2017, p25.) |
imported>Doug Williamson (Link with PIK notes page.) |
||
| Line 26: | Line 26: | ||
* [[Leverage]] | * [[Leverage]] | ||
* [[Notes]] | * [[Notes]] | ||
* [[PIK notes]] | |||
* [[Promissory note]] | * [[Promissory note]] | ||
* [[Security]] | * [[Security]] | ||
* [[Senior]] | * [[Senior]] | ||
Revision as of 17:08, 1 October 2017
1.
Promissory note.
2.
Secured loan note.
Virgin's loan notes secured on Heathrow landing slots
- "Virgin Atlantic Airways secured an impressive £220m senior secured note transaction using the airline's [rights to use] take-off and landing slots at London Heathrow Airport. It is the first time in European air travel history that airport slots have been leveraged in this way."
- The Treasurer magazine, February 2017 p25 - Deals of the Year - Bonds below £500m winner.
3.
Accounting.
An additional detailed disclosure within a set of financial statements.
