A trusted source of Asia-Pacific commercial aviation news and analysis
News Backgrounder
Korean Air benefits from UK funding for Bombardier C Series planes
South Korea’s Korean Air (KAL) is the beneficiary of a policy revision by the UK’s Britain’s export credit agency, UK Export Finance (UKEF). Read More » For the first time the agency has agreed to provide funding for deliveries of Bombardier’s C Series jets to an Asian airline.
Parts of the Canadian C Series are built in Northern Ireland, but the credit agency had until last month held back on financial backing for deliveries of the aircraft. It said it regarded the jet as a competitor to Airbus in which the UK is a major partner. But now Airbus is requiring majority control of the C Series program the objection no longer holds.
The South Korean flag carrier has ordered 10 C S300s, with options for 10 more and purchase rights for a further 10. It became the first Asian operator of the new jet when the aircraft was delivered to Seoul last December. A second jet of the type is to enter service with KAL later this year.
The president of Bombardier aero structures and engineering services in Northern Ireland, Michael Ryan, said the company is “proud” to have secured the “first C Series aircraft sale to an Asian airline,” and added the company looked forward to building on this success with the backing of the UKEF and the Export Development Canada, Canada’s export credit agency.
Analysts said the decision was a fresh blow to Boeing’s efforts to stop exports of the aircraft to the U.S. On January 26, the International Trade Commission (ITC), a U.S. trade body, determined that the low prices of C Series sold to Delta Air Lines did not harm Boeing and discarded a U.S. Commerce Department proposition to impose duties of 300% on the sale of the plane to U.S. customers.
The Québec-based plane manufacturer has a workforce of more than 4,000 in Northern Ireland with a quarter of them involved in the construction of the C Series wings and fuselage. The UKEF said financing for KAL’s jets would support jobs in Belfast. Although the British government has provided around $240 million in loans to the Northern Ireland plant over the years, it is the first time UKEF has backed a sale of C Series aircraft.
Response(s). Share your ideas.
Michael Lewis says:
December 7th 2023 11:10pm
Kathryn Crawford says:
December 5th 2023 09:11am
Richard Lawson says:
December 1st 2023 09:35pm
Patricia Cistaro says:
November 6th 2023 12:18am
Garett Smith says:
November 1st 2023 10:13pm
John Mixon says:
October 24th 2023 10:29pm
Frank Urbanic says:
August 23rd 2023 09:24pm
Wesley Avery says:
August 16th 2023 09:03pm
Andrew Alpert says:
August 15th 2023 12:30am
Mark Hayes says:
August 11th 2023 09:25pm
Vanessa Moss says:
August 9th 2023 10:52pm
Wendy Anderson says:
July 24th 2023 08:15pm
Nicole Conger says:
July 9th 2023 09:38pm
Timothy Abeel says:
June 27th 2023 10:29pm
Lora Silberman says:
June 25th 2023 08:39pm
Natelie Alane says:
June 22nd 2023 07:30am
Ann Kolber says:
June 10th 2023 09:58pm
Aaron Lloyd says:
June 7th 2023 06:07pm
Karen Amlong says:
June 2nd 2023 10:31pm
Miriam Ross says:
May 22nd 2023 11:02am
George Carrol says:
May 17th 2023 09:39pm
Timothy Jones says:
May 13th 2023 06:47am
Richard Clark says:
May 10th 2023 10:34pm
Michelle Lambert says:
April 22nd 2023 06:24am
Rose Eldemire says:
April 18th 2023 04:12pm
Allen Hill says:
April 16th 2023 04:16pm
Patricia Daniel says:
April 3rd 2023 07:20pm
Grace Enfield says:
March 30th 2023 11:47pm
Bailey Baker says:
March 28th 2023 01:53am
Kimberly Harris says:
March 21st 2023 10:39pm
Henry Stephens says:
March 21st 2023 01:20am
Leonard Gilbert says:
March 19th 2023 04:58am
Martins Thompson says:
March 9th 2023 03:40am
Nicole Clark says:
March 4th 2023 08:11am
Helen Lee says:
February 28th 2023 11:02pm
Norah Anderson says:
February 26th 2023 05:27pm
Matthew Henderson says:
February 21st 2023 09:51pm
Evelyn Garth says:
February 16th 2023 11:04pm
John Robert says:
February 15th 2023 07:50am
Kendall Morris says:
February 11th 2023 05:10pm
Hilda Norwell says:
February 10th 2023 08:53pm
Catherine Gaston says:
February 2nd 2023 06:45pm
Dewey Michael says:
January 30th 2023 06:28am
Jeremy Miller says:
January 21st 2023 12:45am
Kevin Aiden says:
January 17th 2023 11:00am
Kevin Aiden says:
January 17th 2023 10:58am
Sonia Walcott says:
October 22nd 2022 03:27pm
Janice Bonne says:
August 11th 2022 05:25pm
Diane Jackson says:
July 22nd 2022 04:39am
Anderson Brown says:
July 19th 2022 01:39am
Sandra Mason says:
May 29th 2022 05:12am
Lucas Williams says:
May 19th 2022 12:44am
George Quentin says:
March 30th 2022 11:43am
Scott Ryan says:
March 16th 2022 08:58pm
Joan Christopher says:
March 4th 2022 11:27am
McGuire Walker says:
November 28th 2021 01:11am
LaGrone Waston says:
November 26th 2021 03:02am
Lydia Carol says:
November 6th 2021 11:55pm
Betty Kari - CREDIT REPAIR says:
November 6th 2021 11:55pm
George Keith says:
November 1st 2021 04:00pm
Betty Kari says:
October 3rd 2021 04:41pm
Kerrie Albee says:
September 1st 2021 05:41pm
Desantiago Carolina says:
August 27th 2021 12:32am
Jerry Williams says:
August 18th 2021 02:38pm
Coleman Justin says:
August 11th 2021 09:44pm
Douglas Keener says:
August 7th 2021 11:19pm
Logan David says:
August 7th 2021 01:24pm
Olivia Liam says:
August 6th 2021 12:26am
Charlotte James says:
August 4th 2021 03:53am
Arthur Wright says:
July 28th 2021 01:10pm
Elizabeth Lisa says:
July 12th 2021 02:51am
Eduardo Torrence says:
July 6th 2021 05:23pm
Gena McKnight says:
June 20th 2021 10:53pm
Anatoly Vyacheslav says:
April 16th 2018 09:34am
SPEAK YOUR MIND
Your email address will not be published. All fields are required.
© Orient Aviation Media Group. All Rights Reserved.
Todd Lewis says:
December 18th 2023 10:24pm