Twenty-four US and European airlines have written to US Treasury Secretary Timothy Geithner with a "Statement of Common Principles regarding the development of a new OECD Aircraft Sector Understanding agreement" aimed at reigning in export credit supported aircraft financings that the airlines claim give carriers outside the ASU regions an unfair advantage.
Emirates 777-300. US airlines claim Emirates was one of several airlines that benefitted unfairly from ECA support. Photo: Courtesy, Boeing. Twenty-four US and European airlines have written to US Treasury Secretary Timothy Geithner with a "Statement of Common Principles regarding the development of a new OECD Aircraft Sector Understanding agreement" aimed at reining in export credit supported aircraft financings that the airlines claim give carriers outside the ASU regions ...
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