Air Transport Given USD $7.3B ECA Credit in 2003

June 14, 2005 (Source: ECA Watch) — A number of news items in the press this month highlight the important role of export credit agencies in the finance of new aircraft, primarily from Boeing and AirBus, but with some competition from Bombardier of Canada and Embraer of Brazil, especially for regional passenger jets. ECAs spent USD $7.3B for air transport in 2003, up 9% from 2002 but down 4.5% on the 6 year average from 1998 to 2003.