Ryanair Holdings Plc, Emirates and eight other airlines said they’ll support the extension of export-credit support to carriers barred from receiving it provided the guarantees aren’t curbed or made more costly.
The airlines, which include Korean Air Lines Co. and Abu Dhabi-based Etihad Airways, said in a statement there must be no increase in fees, no limit on the amount of credit extended to any one airline and no reduction in the proportion of the cost of an aircraft that can be financed.
Airlines from Airbus SAS’s home countries of France, Germany, Britain and Spain and from the U.S., where Boeing Co. is based, are currently excluded from receiving export credit to help fund plane purchases. Paris-based Air France-KLM Group Plc is among barred companies that say the distinction gives an unfair advantage to carriers including Dubai-based Emirates.
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