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US, EU, Brazil, Canada reach new agreement on aircraft financing

Negotiators representing the US, EU, Brazil and Canada have "agreed in principle" on a new Aviation Sector Understanding on export credits that aims to bring more uniformity to the financing of new commercial aircraft, OECD said in statement. The organization oversaw the negotiations in Paris.

Negotiators representing the US, EU, Brazil and Canada have "agreed in principle" on a new Aviation Sector Understanding on export credits that aims to bring more uniformity to the financing of new commercial aircraft, OECD said in statement. The organization oversaw the negotiations in Paris. Airlines in countries where aircraft are manufactured complained that their ineligibility for export credits, often issued on very favorable terms, gave an unfair edge to rival carriers ...

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