Airbus - Export Credits

Export Credits

According to Patrick Crawford of the UK's Export Credits Guarantee Department (ECGD), "Historically, the three European Export Credit Agencies that support Airbus have covered about 17 per cent of that company's total sales. In 2009–10, reflecting the increased constraints on bank liquidity across the world, that proportion rose to 33 per cent. ECGD guarantees represented by Airbus deliveries grew to 90 per cent of the value of business underwritten and 83 per cent of numbers of facilities. Nearly 50 per cent of these Airbus deliveries were powered by UK aero-engines (supplied by either Rolls-Royce or IAE)."

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Other articles related to "export credits, export":

Export Credit Agency - Polemic On ECAs
... Observers argue for and against export credits ... Some observers view them as nothing more than export subsidies by a different name ... Others argue that export credits may further the burden of debt that poor countries already suffer ...

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