British Airways plans to hold an investor roadshow to market an enhanced equipment trust certificate (EETC) transaction.
Investor meetings are scheduled to begin during the week of 5 March, sources familiar with the deal indicate. The possible issuance would finance some of the carrier's 2018 aircraft deliveries, they add.
Citi and Deutsche Bank are both bookrunners, with the former leading the roadshow, they say.
British Airways-parent International Airlines Group (IAG) confirms participation in the investor roadshow but declines to provide further details of the possible transaction.
The carrier expects 20 aircraft deliveries in 2018, including its first Airbus A320neo family aircraft, a fourth quarter financial release shows.
Flight Fleets Analyzer shows British Airways taking 14 aircraft this year, including seven A320neos, two A321neos, three Boeing 787-8s and two 787-9s.
British Airways issued its first EETC in June 2013, a $927 million transaction that funded 14 aircraft deliveries.
Source: Cirium Dashboard