Ex-Im Aircraft Financing Dips In 2013

Robert Morin, VP, transportation division of the Export-Import Bank of the United States, says airlines have gone “cold turkey” on Ex-Im Bank financing, adding that some airlines offered it had turned the money down. Speaking at the International Society of Transport Aircraft Trading (ISTAT) Americas, Morin believes combined Ex-Im aircraft financing will be lower this year at $12.2bn and will also be lower on a percentage basis. He added that it is hard to predict the number of Ex-Im backed deals, as this is heavily dependent on lessors, which may choose not to take any Ex-Im financing at all.

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