OECD reaches agreement on export credit financing

Organisation for Economic Cooperation and Development (OECD) reportedly reached a compromise agreement on export credit financing for aircraft and the home country rule (AFP, 20-Dec-2010). A deal could be announced this week, following approval from national governments. The new agreement reportedly allows airlines from aircraft exporting countries such as France, Germany, Spain and the US to access export credit mechanisms to finance aircraft. The agreement will also reportedly be applied to Bombardier's CSeries aircraft.