UK Export Finance to end 13 years as operating lessor

Centre for Aviation, Melbourne, 26 March 2014) UK Export Finance head of aerospace Gordon Welsh, speaking at the CAPA – Airline Fleet & Finance Summit 2014, stated the export credit agency will sell the last of 40 aircraft returned after 9-11 “hopefully next week”, ending 13 years as operating lessor. He also said the UK Export Finance’s objective is to keep a level playing field, stating “frankly we take risks that others cannot.” He also said there must be rules to ensure that export credit agencies in each country all work in a similar way.