Copying and distributing are prohibited without permission of the publisher
Why export credit agencies make good banks
19 October 2008
Export credits might be one ray of sunshine through the big cloud that hangs over the financing market.
Read more:
Bob Morin
Ex-Im Bank
HBOS
Bradford & Bingley
Fortis
Dexia
Wachovia
Merrill Lynch
Lehman
Airlines and lessors that need to finance future aircraft deliveries have many reasons to feel nervous. In the past few weeks one UK bank (Bradford & Bingley) has been nationalized, while two of them (Lloyds and HBOS) have merged. In Europe, a Belgian bank (Fortis) has been partly nationalized and the governments of France, Belgium and Luxembourg have injected money into a Franco-Belgian bank (Dexia). In the US two investment banks (Wachovia and Merrill Lynch) have been taken over and another two (Lehman Brothers and Washington Mutual) have gone bankrupt.
The news does not make the drafting of a request for proposal (RFP) any easier. But taking these events into account, it is easy to see why export credit is one of the most popular sources of funding for aircraft deliveries.
It is understood that Gecas, the world's largest aircraft lessor by number of aircraft, plans to use export credit...
Access to this content is denied because you are not logged in. Please login to view this content
Already have an account?
Subscribe
Subscribers have unlimited access to all current and archive content. Start your
subscription today - click on the button below.
Free trial
Taking a free trial will give you access to the current issue for two weeks (excluding
some surveys and articles). Start your free trial today.
