New rules for aircraft financing couldfoster innovation and cause layoffs
Emergent rules on aircraft export credit financing threaten to drive up costs to airlines and could trigger job losses at manufacturers in a future downturn, industry officials warn. The Organization for Economic Cooperation and Development’s latest update to the Aircraft Sector Understanding (ASU) on export credits for civil aircraft has become a high-stakes battle among airlines, banks and aircraft makers. OECD members met Dec. 16-17 in Paris to finalize a draft agreement to supplant ...
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