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Asian, Gulf banks fill gap in aircraft finance

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

Published Mon, Sep 30, 2013 · 10:00 PM
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[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 fundin…

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