OECD ECAs Supported 26% of large commercial aircraft sales 2008-2013

(US General Accounting Office, Washington, 8 July 2014) From 2008 through 2013, the US Ex-Im Bank (ExIm) and European ECAs supported 26% of large commercial aircraft deliveries. Since 2004, Ex-Im financing support for Boeing wide-body jet exports has generally increased, and, in fiscal years 2008 through 2012, Ex-Im's total authorizations increased significantly in the wake of the 2007 to 2009 financial crisis. The highest level of wide-body jet authorizations as a percentage of Ex-Im's total authorizations occurred in fiscal years 2007 and 2011, when it reached 24%. As of March 31, 2014, Ex-Im's financial exposure (outstanding financial commitments) in wide-body jets was about $32 billion which represented about 28% of Ex-Im's total financial exposure.