American Airlines Group, Inc. · NASDAQ:AAL
American Airlines — IPO Roadshow (September 2017)
15 slides from American Airlines's IPO roadshow presentation, Sep 20, 2017
Slide 1: American Airlines, Inc. Series 2016-3 EETC Class B Investor Presentation
American Airlines, Inc. Series 2016-3 EETC Class B Investor Presentation September 2017 Issuer Free Writing Prospectus Filed pursuant to Rule 433(d) Registration No. 333-216167-01 September 20, 2017
Slide 2: Cautionary Statement Regarding Forward-Looking Statements and Information
Cautionary Statement Regarding Forward-Looking Statements and Information This document includes forward-looking statements within the meaning of the Securities Act of 1933, as amended (the “Securities Act”), the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securi
Slide 3: 2016-3 EETC Class B Offering
2016-3 EETC Class B Offering
Slide 4: American 2016-3 EETC Class B
American 2016-3 EETC Class B American Airlines, Inc. (“American”) intends to issue $193,440,000 in aggregate face amount of Pass Through Certificates, Series 2016-3 Class B (“American 2016-3 Class B” or “Certificates”) The proceeds from the 2016-3 offering will be used to finance 25 aircraft current
Slide 5: 2016-3 Class B Structural Summary
2016-3 Class B Structural Summary 1Actual ratings included for Existing Certificates, and expected ratings included for Class B Certificates. 2Unless otherwise noted, information for the Class AA and A Certificates provided as of October 3, 2016, which was the date of issuance for Class AA and Class
Slide 6: Key Structural Elements
Key Structural Elements1 One Class of Certificates Offered One tranche of amortizing debt which will benefit from a liquidity facility covering three semi-annual interest payments Waterfall Interest on Eligible Pool Balance of the Class A Certificates is paid ahead of principal on the Class AA Certi
Slide 7: Overview of the Collateral Pool
Overview of the Collateral Pool
Slide 8: 2016-3 Aircraft Pool
2016-3 Aircraft Pool Aggregate aircraft appraised value of approximately $1,418 million1 from three appraisers (AISI, BK and mba)2 Appraisals indicate collateral cushion as of the first principal payment date for the Class B Certificates (after the Class B issuance) of 31.6% on the Class B Certifica
Slide 9: Young and Diversified Portfolio: AAL 2016-3
Young and Diversified Portfolio: AAL 2016-3 1 Calculated by LMM of the maintenance adjusted base value of the aircraft (adjusted to reflect the maintenance status of such Aircraft or otherwise take such maintenance status into account at or around the time of the related appraisal). The appraisals w
Slide 10: Investing in our product: new aircraft deliveries
Investing in our product: new aircraft deliveries 2017 2018 2019 Beyond 2019 Total A320 Family / Neo 20 - 25 75 120 A350-900 - - - 22 22 B737-800 / Max 24 16 20 60 120 B787 Family 13 6 2 - 21 Mainline Total 57 22 47 157 283 E175 16 - - - 16 Regional Total 16 - - - 16
Slide 11: Airbus A321-200
Airbus A321-200 The Airbus A321 (ceo and neo) is the best-selling aircraft in its class with 3,220 net orders and 1,556 deliveries Increasingly popular aircraft in the 180- to 230-seat category Benefits from airlines up-gauging as it has lower seat-mile costs than 150-seaters Provides more capacity
Slide 12: Boeing 737-800
Boeing 737-800 Considered the most liquid narrowbody to date Over 4,300 in operation with more than 170 operators, with a backlog of 670 aircraft – very popular among mainline, charter and low-cost carriers, good regional distribution, and a favorite with the leasing community Over the last decade,
Slide 13: Boeing 787-9
Boeing 787-9 Source: Ascend Market Commentary and Boeing as of 2Q 2017. 1Includes both 787-9 and 787-10 aircraft. With a predicted demand of over 5,300 widebody jetliners over the next 20 years, the Boeing 787 is well positioned to become the benchmark product in a growing sector of the industry Ove
Slide 14: Embraer ERJ 175 LR
Embraer ERJ 175 LR In-service fleet of over 580 aircraft, backlog of 80 Demand for Embraer ERJ 175 LR aircraft has been strong as major U.S. airlines placed significant new orders and contracts for 76-seaters to replace 50-seaters, as a result of new scope clause agreements American, United, Alaska
Slide 15: Slide 15