OECD Announces New Rules to Move Aircraft Export Credits to Market Rate
On January 14, 2011, the Organization for Economic Cooperation and Development announced that it on February 25, 2011, it will present the signing of a new Aircraft Sector Understanding (ASU) that includes new terms for the use of export credit…
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financing for commercial aircraft sales agreed to by government negotiators in late 2010. The new ASU aims to move export credit financing closer to market rates and produce a level playing field between manufacturers, airlines and governments.