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Asian, Gulf banks fill gap in aircraft finance

European lenders cut their exposure to aviation sector after the debt crisis

[DUBAI] Cash-rich Asian and Middle Eastern lenders are taking a larger share of the US$100 billion global aircraft financing market as Western rivals step back due to the liquidity crunch and stricter regulations, a top Airbus executive said.

European commercial banks, previously the primary funding source for airlines, have substantially cut their exposure to the aviation sector after the continent's debt crisis, leaving a funding gap for fast-growing airlines in emerging markets, said Francois Collet,...

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