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Aircraft manufacturers expect record ECA support in 2012
09 February 2012
With the aviation industry expecting export credit agency (ECA) finance to reach record levels in 2012, Trade Finance takes a snapshot of some of this week’s export credit deals.
Read more:
export credit agency
eca
aircraft finance
Airbus
Boeing
Air Astana
Korean Air
Air China
Lan Airlines
With commercial debt expected to drop and new regulations due to come into force in 2013, the aviation industry expects export finance to reach record levels in 2012.
This was the general consensus of opinion at Airfinance Journal’s Dublin conference in late January, and as expected since then ECA deals have been flooding in.
Speaking at the conference, Kostya Zolotusky, managing director, Boeing Capital Corporation, said there is a $95 billion financing requirement in 2012 across Boeing, Airbus, Embraer and Bombardier deliveries, up from $77 billion last year.
This comes at a time when commercial debt financing is expected to slip by as much as 5% prompted by the exit of certain French banks from the market, a US dollar shortage in European institutions and increasing risk aversion towards long-dated assets.
As a result, Zolotusky expects US Ex-Im financing for...
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