(Seeking Alpha, Ra'Anana Settlement Israel, 31 May 2017) Boeing has sealed a deal for Italy's export credit agency to provide an initial $1.25B/year in guarantees for jetliner sales, partly to fill the void left by the U.S. Export-Import Bank, which has been restricted since July 2015 when some...
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2017/06/30
Country: Italy, USA
ECAs: Export-Import Bank of the United States, SACE S.p.A.
Issue: Aircraft
2017/05/31
Country: France, Germany, United Kingdom
ECAs: COFACE, Euler Hermes Deutschland AG, UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(Air Transport World, Arlington, 22 May 2017) Airbus has established a new independent compliance review panel (ICRP) to ensure “irreproachable” behavior, following allegations of fraud, bribery and corruption in its civil aviation business. The move follows an investigation by the UK Serious...
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2017/05/30
Country: India, USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(eTurbo News, Hawaii, 11 May 2017) A recent high-profile example of Delta’s advocacy agility was its position on export credit financing and reauthorization of the Export-Import Bank (EXIM). Delta opposed it before it supported it. In the beginning, Delta was a leading voice opposing...
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2017/05/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft
(Reuters, Paris, 4 May 2017) Iran is in talks with Britain's export credit agency to facilitate the financing of aircraft sales to state airline IranAir as part of its pact with world powers to lift sanctions over its nuclear program, a senior Iranian official said. IranAir's plan to buy more...
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2017/03/31
Country: France, United Kingdom
ECAs: COFACE, Export Finance and Insurance Corporation, UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(AI News, Midland Park, 6 March 2017) France’s Parquet National Financier has joined the UK Serious Fraud Office in an investigation into allegations of fraud, bribery and...
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2017/02/28
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(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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