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Boeing: Aircraft finance sources to realign
15 December 2010
Reduced export credit in 2011 will result in greater dependence on capital markets and commercial debt, but the price of financing will be similar to 2010, says the head of Boeing Capital.
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Boeing Capital
Kostya Zolotusky
Aircraft Sector Understanding (ASU)
Export credit agency (ECA)
capital markets
commercial debt
Boeing Capital says airlines will pay higher rates for export credit and have less access to it in 2011 due to the new Aircraft Sector Understanding (ASU) which comes into effect on January 1 2011[p1] .
Export credit agency (ECA) supported financing accounted for about 35% of Boeing aircraft deliveries this year, and 30% in 2009. In 2011, however, Boeing expects export credit agencies to support only 20 to 30%...
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