newstodate.aero
SEP 01, 2003 (newstodate): Atlas Air has gained further breath after having obtained an extension of a majority of Atlas Air's Enhanced Equipment Trust Certificates, EETCs.
This extension, from Aug. 31 to Sept. 12, 2003, enables Atlas Air to continue to negotiate a restructuring of its EETC financing transactions. All other terms of the original forbearance agreement remain in effect.
The EETCs were issued in 1998, 1999 and 2000 to finance Atlas Airs initial fleet of 12 Boeing 747-400 freighter aircraft.
This extension, from Aug. 31 to Sept. 12, 2003, enables Atlas Air to continue to negotiate a restructuring of its EETC financing transactions. All other terms of the original forbearance agreement remain in effect.
The EETCs were issued in 1998, 1999 and 2000 to finance Atlas Airs initial fleet of 12 Boeing 747-400 freighter aircraft.