Airbus employee: European states want to avoid postponement.
Airbus
Moratorium on export credits
Germany, France and the UK to help Airbus
Airlines are short of money. This endangers orders at Airbus. Germany, France and Great Britain have taken action.
Top-Jobs
Administrator AVOR & CAMO
Kaufmännische Leitung und Unternehmensorganisation
Vollzeit
Kasaero GmbH
Luftfahrt
Feste Anstellung
Top jobs
Böblingen
Deutschland
Fluggerätemechaniker (m/w/d) als Prüfer / Certifying Staff (m/w/d) EASA Part 66 CAT B1 und/oder B2 für Dornier 328
First Officer Cessna 525 (m/f/d)
Vollzeit
Smartline Luftfahrt GmbH
Aircraft Management
Feste Anstellung
Top jobs
Airport St. Gallen Altenrhein
Österreich
Berlin is worried. The Corona crisis has caused many airlines to be short of cash. And this could have fatal consequences for Airbus.
«There is a risk that orders could be cancelled or postponed due to a lack of liquidity», explains a spokesman for the German Federal Ministry of Economics and Energy. The aircraft manufacturer employs 28,000 people in Germany. Several thousand more jobs are endangered in supplier companies.
Proven means for aircraft exports
Therefore, shortly after the outbreak of the corona crisis, the German government took a measure to help airlines and thus Airbus and its suppliers. Together with France and Great Britain, Germany decided in April to «suspend debt repayment for aircraft export financing secured by export credit agencies for one year upon request under certain conditions», as the spokesman confirms for aeroTELEGRAPH.
Export credit insurance is a proven government tool to boost exports. Specialized institutions insure the risk of payment default. In Germany, this is known as the so-called Hermes guarantee, because the insurance company Euler Hermes issues the state-backed export credits on behalf of the government.
Pegasus Airlines has benefited
Such export credits are regularly used when purchasing new aircraft. The postponement of loan repayments is now intended to help airlines to actually take over their ordered aircraft instead of postponing or even cancelling them. This protects the aircraft construction industry because a big part of the purchase price is paid upon delivery.
As the French government writes, this measure helped Pegasus Airlines, for example, to take over deliveries planned for 2020 despite the crisis. The Turkish low-cost airline took over several aircraft of the A320 neo-family in April. The measure is valid for one year for the time being, according to the German Federal Ministry of Economics and Energy. «In principle, any airline as a debtor under financing secured by export credit guarantees from the three export credit agencies - can submit an application under the initiative.»
Video
Bevor Boeing die echte 777X an Lufthansa ausliefert, hat ein französischer Modellbauer bereits sein zweites flugfähiges Modell fertiggestellt. Mit einer beeindruckenden Spannweite von 10 Metern.
274 Menschen starben beim Absturz von Flug AI171 in Ahmedabad. Jetzt haben die Behörden den letzten Funkspruch des Kapitäns der Boeing 787 von Air India veröffentlicht. Er zeigt, dass unmittelbar vor dem Absturz etwas Dramatisches passiert sein muss.
Air Indias Unglücksflug AI171 dauerte nicht einmal eine Minute. Mehr als 200 Menschen starben, als die Boeing 787 hinter dem Flughafen Ahmedabad auf das Gelände einer Berufsschule stürzte. Was ist alles bisher bekannt?