American Airlines offers pass-through certificates backed by equipment notes on 37 aircraft

Filed July 27, 2026 · ~2 min read

Key Changes

• high

  American is offering Class A Certificates representing fractional interests in a pass-through trust that will hold Series A Equipment Notes secured by 37 aircraft: 22 new deliveries (9 A321neo, 5 A321 XLR, 8 Embraer E175) and 15 owned aircraft (13 A321-200, 2 Boeing 777-300ER from 2013-2014).

  The Offering verify on EDGAR →
• high

  Proceeds from the Series A Equipment Notes will partially finance new aircraft acquisitions and refinance owned aircraft; remaining proceeds go to general corporate purposes and offering expenses. The notes are full recourse obligations of American.

  Use of Proceeds verify on EDGAR →
• high

  The 37-aircraft collateral pool has an aggregate appraised value of $1.77 billion (as of July 1, 2026, desktop valuations without physical inspection). Individual appraisals ranged from $1.71 billion to $1.88 billion across three independent appraisers.

  Use of Proceeds verify on EDGAR →