BNP Paribas was arranging Bealine Plc, a unique £250 million ($377.89 million) securitization of aircraft take-off and landing slots at Heathrow Airport managed by British Airways which was seen as an innovative step forward for the asset-backed securities market. [The deal was pulled just weeks later due to a lack of investor demand at a price acceptable to the issuer. Market chatter suggested prices in the region of 450 basis points above gilts or midswaps. BA parent firm International Airlines Group felt there were other forms of financing available at a more competitive price.]