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Qantas raises A$350m from loan that allows switching aircraft used as collateral

Wed, Oct 11, 2017 - 5:50 AM

The security for each loan includes a pool of Qantas planes that have not been pledged as collateral, including Airbus and Boeing narrowbodies and widebodies.

PHOTO: REUTERS

Singapore

QANTAS Airways is raising A$350 million (S$369.7 million) from a loan that allows it to switch the types of aircraft used as collateral, in what bankers and analysts said is the world's first aviation financing of this type.

The loan is the first of a series under a loan...

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