United Airlines Inc.'s Series 2024-1 Class AA And Class A EETCs Assigned 'AA (sf)' And 'A (sf)' Issue-Level Ratings

TORONTO (S&P Global Ratings) Aug. 5, 2024--S&P Global Ratings today assigned its 'AA (sf)' and 'A (sf)' issue-level ratings to United Airlines Inc.'s series 2024-1 class AA and class A pass-through enhanced equipment trust certificates (EETCs), respectively. These ratings are in line with the preliminary ratings we assigned on July 22, 2024. The company will finance 48 newer and midlife aircraft with about $969 million of class AA certificates and $385 million of class A certificates ($1.35 billion in aggregate). The class AA and class A certificates have an expected final distribution of Feb. 15, 2037, and a legal final maturity 18 months later. The collateral for the EETCs includes 16 Boeing 737 Max 8 and 9 aircraft (with an

...August 5, 2024 TORONTO (S&P Global Ratings) Aug. 5, 2024--S&P Global Ratings today assigned its '## (sf)' and 'A (sf)' issue-level ratings to United Airlines Inc.'s series 2024-1 class ## and class A pass-through enhanced equipment trust certificates (EETCs), respectively. These ratings are in line with the preliminary ratings we assigned on July 22, 2024. The company will finance 48 newer and midlife aircraft with about $969 million of class ## certificates and $385 million of class A certificates ($1.35 billion in aggregate). The class ## and class A certificates have an expected final distribution of Feb. 15, 2037, and a legal final maturity 18 months later. The collateral for the EETCs includes 16 Boeing 737 Max 8 and 9 aircraft (with an average age of approximately one year), five Boeing 787-10 aircraft (average age of just under two years), two Boeing 777-300ER aircraft (average age of 4.5 years), 21 Boeing 737-900ER aircraft (average age of 12 years), and four Boeing 737-800 aircraft...

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