Wednesday, 14 October 2015

Cautious outlook for regional aircraft financing amid low oil prices | GulfNews.com

Cautious outlook for regional aircraft financing amid low oil prices | GulfNews.com:

"Middle East banks are becoming increasingly cautious about funding aircraft orders as sustained low oil prices have slowed the flow of fresh capital.

Regional banks, particularly those from the Gulf, have emerged as major funders in the regions booming aviation sector, including aircraft orders by the likes of Emirates, Qatar Airways and Etihad Airways.

But a drop in oil prices — down more than 40 per cent in the past 12 months — has seen banks move to a more case-by-case approach."



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