AIRLINES CALL FOR CAP ON EXPORT CREDIT

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP October 14, 2010 20:29

AIRLINES CALL FOR CAP ON EXPORT CREDIT

A letter from a group of 24 airlines is calling for Europe and the United States to cap export credits on the sale of passenger aircraft at 20% of deliveries. The letter has been drawn up ahead of a meeting of the Organization for Economic Co-operation and Development on October 20 where governments will discuss export credit financing.

The argument against cash rich and successful benefiting from export credit subsidies, Middle Eastern airline in particular, has been simmering for years but has exploding recently in the depressed economic market where US and European airlines are struggling to get competitive finance for their aircraft.

As well as limiting volumes, airlines said terms of credit should be less favourable than those of commercial bank finance and should also take into account political and country risks that limit airlines’ access to commercial markets.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP October 14, 2010 20:29
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Ffinance%2Fairlines-call-for-cap-on-export-credit%2F"> registered </a> users can comment.