Mutual funds with exposure to municipal bonds backed by airline companies have seen dismal returns, as the war further weakens the airline industry, which still has not recovered from the 9/11 terrorism attack, The Wall Street Journal reports.
Although few bond funds have heavily concentrated investments in airline-backed muni bonds, the loss could be big, WSJ reports.
The $484 million
Some municipal bonds backed by
There are about $8.8 billion of airline-backed special-facility municipal bonds outstanding, according to
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