Skytra picks Nasdaq for clearing airline hedges

Airbus A400M military aircraft from co media gallery 575x375
By Ross Lancaster
13 May 2020

Airbus subsidiary Skytra has picked Nasdaq Clearing as the clearing house for its derivatives trading platform, which will offer airlines the ability to hedge revenue risk. With the industry in crisis, Skytra’s COO says there is more interest in the offering than ever.

The Skytra project precedes the Covid-19 crisis that has sent the air travel industry spiralling into crisis. But its offering, a trading venue where airlines can hedge their the revenues, has become even more pertinent.

Guy Simpkin, Skytra COO, told GlobalCapital that he had “without a doubt” seen an increase ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial