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Except that the issuer of the security is the lessor in this case, not the airline. The airline can just give the plane back to Doric after the 12-year lease pe
by diebeforei485 8y ago
Except that the issuer of the security is the lessor in this case, not the airline. The airline can just give the plane back to Doric after the 12-year lease period (which ends in 2020-2021 for the first batch of aircraft), and let Doric deal with the investors.
This is in contrast to, say, recent deals by United Airlines Inc, where the airline (or its related party, such as its parent holding company United Continental Holdings Inc) was the entity issuing the security.
- toomuchtodo 8y agoIs it possible to short these securities?