Low-cost lowdown
Rukhmini Punoose
Mumbai, December 10, 2005
http://www.hindustantimes.com/news/181_1570495,0035.htm (expired)
How about starting your own airline? All you need is Rs 10 crore...
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2005/12/10
Issue: Aircraft
2005/12/10
(EDC, Ottawa 29 November 2005) – An Export Development Canada (EDC) report indicates that global capital flows returned to developing markets in 2004 and 2005. EDC also suggests that the pace of foreign direct investment (FDI) is likely to fall off in 2006 as the global economy slows and credit... more
2005/12/09
(Xinhuanet, Shanghai, 9 December 2005) China has been facing increasing risks in international trade and a survey indicates its ratio of bad accounts in exports is 5%, ten to 20 times the average for developed countries. China falls behind in terms of experience, construction of financial and... more
2005/12/08
(The Australian, Sydney, 20 December 2005) Nauru lost its air link with the world last week when the U.S. Ex-Im Bank repossessed the debt-laden Pacific nation's sole passenger aircraft at Melbourne Airport. Nauru lost the plane after a failed legal attempt to put the U.S. on trial in a bizarre case... more
2005/12/07
(Scottish National Party, Edinburgh, 22 November 2005) SNP Europe Spokesman Alyn Smith MEP is calling for Scots to have control of their share of the UK's International aid budget, stating that the Department for International Development (DFID) has in the past used their budgets to assist with... more
2005/12/06
(Antara News, Jakarta, 30 November 2005) In November, the U.S. lifted its embargo on military sales to Indonesia. Now the Indonesian Army plans to use export credit facilities to purchase helicopter replacements and... more
2005/12/05
(Reuters, Sofia, 7 December 2005) - U.S. energy firm AES on Wednesday launched a €1 billion (US$1.17 billion) project to build a new thermal power plant in Bulgaria that would help the Balkan state remain the region's leading power producer. Under the 12.5-year debt facility, EBRD will lend 105... more
2005/12/04
(Hindustan Times, Mumbai, 10 December 2005) How about starting your own airline? This article outlines the economics: all you need is US$2 million in paid up capital to start a regional airline with an aircraft of less than 80 seats and ECAs and banks will finance up to 95% of the cost of aircraft.
2005/12/03
(Proyecto Gato, Brussels, 21 December 2005) Despite the cancellation of export permits in 2004 and 2005, the Belgian ECA Ducroire agreed to reimburse New Lachaussée some €8 million in damages for its inability to complete construction of an ammunition factory in Tanzania, seen by the UN as a... more
2005/12/02
(ECAW, Paris, 21 December 2005) With all the press coverage this week of WTO talks in Hong Kong dominated by the question of agricultural subsidies, it is interesting to look back at the history of this issue and see what role export credit agencies have played in an ongoing North/South conflict.
2005/12/01
(Pacific Environment, San Francisco, 19 December 2005) In a stunning reversal of institutional integrity, the European Bank for Reconstruction (EBRD) declared the scandal-ridden Sakhalin II oil and gas project Environmental Impact Assessment (EIA) “fit for purpose.” This decision comes despite 3... more
2005/11/11
(Eurodad, Brussels, 16 November 2005) French NGO, Coordination Sud, has published a new report on French Official Development Aid (ODA) and the politics of development cooperation, in which it notes that a significant part of the cancelled debt was in fact export credit debt – generated by the... more
2005/11/10
(Business Week, Manila, 8 November 2005) Philippine Airlines said Tuesday it will purchase nine new Airbus 320 jets over the next three years for its refleeting program. The company plans to borrow from export credit agencies to fund the refleeting. In... more
2005/11/09
(BCM, UK, 3 November 2005) During an official State visit, Atradius Dutch State Business (Atradius DSB) signed a co-operation agreement with Russia's Sberbank in the presence of both President Putin and Dutch Prime Minister Balkenende. The agreement will create a framework between Russia’s largest... more
2005/11/08
(Novosti, Beijing, 2 November 2005) Russia's major state-owned savings bank, Sberbank, has asked several Chinese banks for loans to finance large investment projects in Russia. Earlier this year, the bank signed an agreement with Sinosure, China's only export credit insurance corporation. The deal... more