Monday 14 November 2011

European bank funding woes 'short-term' - Airbus | Reuters

European banks lack of access to dollar funding, which has hampered aircraft financing, is a "short term" issue and planemaker Airbus is closely monitoring the situation, its sales chief said on Monday.

European lenders, especially French banks, which have been major financiers for Mideast carriers' deals with Airbus and Boeing, have become risk-averse because of the eurozone debt crisis.

"We are watching it carefully," John Leahy said at a news conference. "We have done some aircraft financing in euros. Some European banks are having trouble accessing U.S. dollars ... this is more of a short-term thing than anything else."

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