A FINAL DECISION ON THE FUTURE OF EXPORT CREDIT COULD BE MADE TODAY

A final decision on the future of a new Aircraft-Sector Understanding (ASU) on export credit guarantees is expected imminently from the Organization for Economic Cooperation and Development (OECD). Airbus has launched an eleventh-hour plea for the governments of Germany, France and the UK to water down the proposed changes. According the Financial Times, Airbus CEO Tom Enders has written letters to the respective governments in a bid to get the proposals modified. Under the proposals, airlines eligible for export credit will face higher fees depending on their credit rating, which would be adjusted quarterly to make them more reflective of