(Above Ground, Ottawa, 30 April 2018) In this report, ECA Watch member Above Ground examines reforms needed to raise Export Development Canada’s anti-corruption client screening to a more robust standard. The recommendations are informed by leading anti-corruption policies and guidance...
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2018/04/30
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, Corruption
Member: Above Ground
2018/04/30
Country: France, Germany, United Kingdom
Issue: Aircraft
(Reuters, Paris, 27 April 2018) Airbus has received European export credits for the first time since public funding was suspended in 2016 at the outset of a corruption investigation, the company said on Friday. The credit was granted under enhanced compliance procedures agreed between Airbus...
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2018/03/30
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, BRIC countries, Corruption, Transparency
http://aboveground.ngo/bombardier-gupta-accountability-edc/
(Above Ground, Ottawa, 26 March 20188) Ongoing media coverage regarding the sale of a Bombardier jet to the Gupta family in...
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2018/02/28
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft, Arms Trade
(Reuters, London, 12 February 2018) BAE Systems will provide Malaysia a UK government-backed financing deal if it decides to replace its fleet of combat jets with the Eurofighter Typhoon, senior company officials said. Malaysia has for several years been weighing France’s Rafale jet and the...
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2018/02/28
Country: France, Germany, United Kingdom, USA
ECAs: COFACE, Euler Hermes Deutschland AG, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Aircraft
(The Economist, Singapore, 8 February 2018) A management shake-out may reawaken national rivalries at the European aerospace giant. “The success of Airbus is intimately linked to the success of John [Leahy],” says Eric Schulz, successor to John Leahy, who has been chief salesman for the...
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2018/02/28
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, Corruption, Debt
(Globe and Mail, Toronto, 19 February 2018) Canada's export credit agency is worried that a Canadian EDC financed Bombardier luxury jet could become the escape vehicle for the controversial Gupta brothers as they flee a corruption prosecution in South Africa, according to court papers filed by...
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2018/01/31
Country: France, Germany, United Kingdom, USA
ECAs: COFACE, Euler Hermes Deutschland AG, Export-Import Bank of the United States, UK Export Finance (UKEF)
Issue: Aircraft
(Fox Business, Dublin, 22 January 2018) Boeing and Airbus officials have signaled optimism that problems denting their access to government-backed plane financing are nearing resolution. Boeing and Airbus last year both delivered a record number of planes. Though commercial financing for the...
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2017/12/31
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(New York Times, Washington, 19 December 2017) Two Republican senators broke with their party to block President Trump’s nominee to lead the Export-Import Bank, a setback for the White House that reflects deep divisions in the Republican Party over the role that the government should play in...
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2017/12/31
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, Corruption
Member: Above Ground
(The Walrus, Toronto, 19 December 2017) Export Development Canada lends foreign buyers billions of taxpayer dollars. Critics say it's knowingly banking some of the world's worst regimes. EDC has perfected the art of lending billions of taxpayer dollars to scandal-ridden foreign buyers. In May...
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2017/11/30
Country: United Kingdom
ECAs: UK Export Finance (UKEF)
Issue: Aircraft, Corruption
(Guardian, London, 5 November 2017) A UK Serious Fraud Office probe into allegedly misleading statements made by Airbus to UK Export Finance, the government department that provides commercial support for major deals has ballooned with further allegations of corruption. The investigation...
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2017/09/30
Country: Canada, USA
ECAs: Export Development Canada, Export-Import Bank of the United States
Issue: Aircraft
(Washington Post, Washington, 28 September 2017) The Commerce Department signaled its intent to impose a 219 percent tariff on Canadian-made jetliners, claiming aircraft maker Bombardier has been unfairly propped up by the Canadian government... But critics of the decision say Boeing itself...
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2017/09/30
Country: United Kingdom
Issue: Aircraft, Corruption
(Evening Standard, London, 15 September 2017) The Serious Fraud Office and French prosecutors are in close discussion over the terms of a £1 billion-plus settlement for Airbus over corruption allegations. The deal, called a Deferred Prosecution Agreement (DPA), would be the largest ever in...
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2017/08/30
Country: Iran, Italy, Sweden, USA
ECAs: Export-Import Bank of the United States, SACE S.p.A.
Issue: Aircraft, BRIC countries, Nuclear
(Financial Tribune, Tehran, 14 August 2017) Trade with Italy is being restored slower than expected following the removal of international sanctions against Iran over its nuclear program, reads an opinion piece written by Iranian co-chair of Iran-Italy Chamber of Commerce in the news portal of...
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2017/08/30
Country: Canada, South Africa
ECAs: Export Development Canada
Issue: Aircraft, Corruption, Transparency
(Globe & Mail, Johannesburg, 3 August 2017) The Canadian government's export agency gave $41-million (U.S.) in financing to help Bombardier Inc. sell a luxury jet to the controversial tycoons at the heart of a South African scandal over alleged high-level corruption, leaked e-mails show....
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2017/06/30
Country: USA
ECAs: Export-Import Bank of the United States
Issue: Aircraft
(Defense News, Washington, 20 June 2017) U.S. President Donald Trump has formally nominated former members of Congress, Scott Garrett and Spencer Bachus, to two vacant positions on the U.S. Export-Import bank as expected, a win for the defense and aerospace sector. Trump announced the move in...
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