The UK's Export Credits Guarantee Department has completed its first loan securitisation to help finance the sale of an Airbus A330 to Malaysia Airlines. The use of securitisation deals, which opens new low-cost sources of financing from capital markets, is expected to grow, says ECGD. The £51 million loan for the A330 was arranged by Daiwa in European money markets.
Source: Flight International
Advanced propulsion developer ZeroAvia has revised the flight-test plan for its ZA600 powertrain, transferring a second Dornier Do 228 twin-turboprop to the UK in support of its certification push.
Germany’s Deutsche Aircraft has selected UK-based engineering specialist Senior to provide key systems for its D328eco turboprop.
Airbus chief executive Guillaume Faury says the airframer has been “blindsided” by a sharp drop-off in CFM International Leap engine deliveries, and is waiting to see how soon the powerplant manufacturer can recover. Speaking at a half-year briefing on 30 July, Faury said the Leap delays were “not factored” into ...
