American Airlines Sells $1.14 Billion in Bonds for 32 Planes

American Airlines Group Inc. on Monday sold $1.14 billion of bonds financing a group of planes.

The airline offered notes in two parts, with the longer portion having an average life of 7.7 years, according to a person with knowledge of the matter. The securities are a type of debt known as enhanced equipment trust certificates, collateralized by 32 new and existing American Airlines planes.