06 Oct '11, 5am

Airbus eyes customer financing amid euro crisis

Airbus eyes customer financing amid euro crisis

SYDNEY: Global aviation giant Airbus said it would consider providing financing for customers as the eurozone debt crisis drags on, but affirmed upbeat long-term forecasts due to booming Asian demand. The comments came as the International Monetary Fund warned of a eurozone recession, with banks -- headed by French-Belgian lender Dexia -- now facing collapse over bad exposure to sovereign debts. Tom Williams, vice president of programmes, said Airbus had not seen any immediate impact from intensifying debt crisis in the eurozone, but it was in talks with European credit agencies about shoring up its customers. "The European banks have been in the past few years active in terms of aircraft finance ... and clearly there will be some question marks if you look at the euro crisis today and the liquidity position of some of the big banks," he told a markets briefing in Sydney. ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

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