EDC Reposesses Planes

(Reuters, Ottawa, 5 January 2006) Two US airlines are returning 42 regional jets to Canada's export lending agency EDC, which guaranteed the sale of the 50-seat Bombardier aircraft, an agency spokesman said on January 5, 2006. Air transport, at 35-40% of total ECA portfolios, is the largest sector of ECA investment, and rumours abound that some ECAs own over 100 aircraft.