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Banks open for business
16 February 2009
Banks left the market, not because aviation was in trouble, but as a result of internal liquidity restrictions. Campbell Davis lists the main European, Asian and African banks still open to their aviation clients.
Airfinance Journal has been asked which major aircraft finance banks are still lending to the aviation community. Some banks say they will start looking for new deals in February or March. This list is a directory of the players that never left.
Barclays Capital
Barclays Capital closed a $500 million export credit agency financing for Air Asia on the last day of 2008 and has been working on a number of new deals. Some customers are still adjusting to the higher prices in the market, and still expecting deals with margins close to Libor. The bank says it can afford to be selective about the deals in which it will participate.
BNP Paribas
BNP Paribas closed some deals at the end of 2008 and continues to be busy, especially at its Asia office. The bank closed an export credit deal for Malaysia's Air Asia X for two A330-300s in December...
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