(Washington Examiner, Washington, 17 February 2017) The Export-Import Bank of the United States is also known as "Boeing's Bank," because about 40 percent of its financing, in the average year, goes to subsidize Boeing sales. Boeing spends a lot of time and money lobbying in favor of Ex-Im. One...
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2016/12/30
Country: USA
Issue: Aircraft
(Space News, Congers NY, 22 December 2016) Spacecom is buying its newest spacecraft from an American supplier without relying on financial support from the Export-Import Bank of the United States, according to a company official. Amos-17 is the first satellite Spacecom has bought from a U.S....
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2016/12/30
Country: USA
Issue: Aircraft
(Pueget Sound Business Journal, Seattle, 2 December 2016) Boeing CEO Dennis Muilenburg urged the new Republican administration of President-elect Donald Trump to preserve and reopen, not abolish the U.S. government's Export-Import Bank. Muilenburg said if Trump gets rid of the Ex-Im Bank, as he...
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2016/11/29
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Forbes, 9 November 2017, Seattle) The reaction from diverse quarters in the aviation industry to Trump’s election was swift. FlightGlobal worried that ExIm and...
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2016/11/29
Issue: Aircraft, Arms Trade, Nuclear
(Financial Times, 27 October 2016, Tehran) A senior Iranian official has accused European governments of not being fully committed to implementation of a nuclear deal with Iran, blaming them for...
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2016/10/31
Country: France, United Kingdom
ECAs: Export Finance and Insurance Corporation
Issue: Aircraft
(Reuters, London, 12 October 2016) Britain's Serious Fraud Office (SFO) is working with French authorities in its investigation into alleged fraud, bribery and corruption at European aerospace group Airbus (AIR.PA) and expects to proceed "fairly quickly", its head said on Wednesday. The SFO...
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2016/10/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(NASDAQ, New York, 10 October 2016) Boeing's third-quarter 2016 commercial deliveries of 188 airplanes were down due to lower demand for the 737, 777 and 787 Dreamliners. During the release of first-quarter delivery numbers, CEO Muilenburg had revealed that the company is losing out on...
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2016/09/30
Country: France, Germany, United Kingdom
Issue: Aircraft, World Trade Organization
(The Week, London, 23 September 2016) French aircraft-maker Airbus has benefitted from as much as $22bn (£17bn) in illegal state aid from EU member states, including £3bn from the UK, the World Trade Organisation (WTO) has ruled. The judgement marks the latest chapter in what the BBC brands the...
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2016/08/29
Country: France, United Kingdom
Issue: Aircraft
(Global Trade Review, London, 3 August 2016) France’s Airbus group supplied a near tenfold increase in customer financing following a freeze in export credits from the UK, France and Germany earlier this year, in light of potential corruption and transparency issues. In its half-yearly...
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2016/07/31
Issue: Aircraft
(EuroMoney Seminars, London, 4 July 2016) The aviation market is in an unprecedented situation with both the major aircraft manufacturers facing a shutdown in government export credit financing. Years of predictable and attractive financial returns have led to a staggering number of new ...
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2016/07/30
Country: France, Germany, United Kingdom
ECAs: COFACE, Euler Hermes Deutschland AG, UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(Reuters, Paris, 27 July 2016) Airbus Group has agreed with European governments a process for regaining access to export credits, suspended earlier this year over flawed disclosures on the use of third-party agents to help to sell passenger jets, the company said on Wednesday. In a footnote in...
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2016/04/30
Country: France, Germany, United Kingdom
Issue: Aircraft, Corruption
(Reuters, Paris/Berlin, 8 April 2016) - France and Germany have joined Britain in suspending export credit facilities for Airbus jet deliveries, expanding the fallout from a potential corruption probe in Britain, several people familiar with the matter said on Friday. The move follows Britain's...
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2016/03/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Seattle Times, Seattle, 22 March 2016) The obscure U.S. Export-Import Bank moved to center stage in Washington’s Democratic presidential contest, as Hillary Clinton and her allies chided Bernie Sanders for opposing the bank, which plays an outsized role in this state. Speaking Tuesday at the...
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2016/02/25
Country: Italy
ECAs: SACE S.p.A.
Issue: Aircraft
(Trend News Agency, Baku, 30 January 2016) Over the past ten years and after the removal of crippling nuclear-related sanctions on Iran, Hassan Rouhani was the first Iranian president to visit Europe breaking the deadlock over ties between the Islamic Republic and its traditional trade partners...
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2016/01/27
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Issue: Aircraft
(24/7 Wall Street, NewYork, 22 January 2016) Boeing Co. on Friday morning released its 2016 aircraft finance market outlook. The headline number is $127 billion, the forecast amount for new commercial deliveries in 2016, up from $124 billion in 2015. The company’s Boeing Capital...