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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.)
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* [[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.


See also