Carriers tap ECA money

Issue 863 - 24 Oct 2009 | 4 minute read

The UAE’s two leading airlines have tapped nearly $650m in bond and debt facilities backed by export credit agencies (ECAs), reflecting the attractiveness of long-term ECA support at a time when commercial debt remains scarce and highly priced.

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Carriers tap ECA money

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Oil market in flux as falling prices put Saudi and others’ finances under strain

Iran seeks ‘new path’ with Afghanistan, as Arab neighbours also re-engage with Taliban

Kuwaiti repression gathers pace as thousands more stripped of citizenship

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