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NEWARK, New Jersey - The global recession began to hammer waterborne commerce during the
second half of 2008, according to the latest containerized import-export
statistics from PIERS Trade Horizons. The just-released numbers dash any
lingering hopes that demand from emergent economies for U.S. exports would
provide a silver lining in an otherwise darkening outlook.
AMSTERDAM - AerCap Holdings N.V. (”AerCap”, NYSE: AER) today announced that
AerVenture Limited, its consolidated joint venture, has signed a facility
agreement with Calyon S.A. and other banks and financial institutions,
outlining the terms pursuant to which the European Export Credit Agencies may
provide guarantees on up to US$846 million of financing to commercial banks
to fund deliveries of A320 family aircraft under AerVenture’s forward order
with Airbus through 2011. This completes the remaining financing requirement
for the Airbus A320 family order of aircraft. The aircraft are part of an
original 70 aircraft order placed by AerVenture Limited in January 2006. The
European Export Credit Agencies consist of Coface in France, ECGD in the
United Kingdom, and Euler-Hermes in Germany. The loans are to be provided by
a syndicate of banks led by Calyon acting as Global Arranger and are subject
to customary ECA requirements.
PARIS and BARCELONA - “The economic crisis has put transportation at the crossroads: We
urgently need to address the prioritisation of investment serving the most
productive activities and notably international trade in goods and services”,
said Jack Short, Secretary General of the International Transport Forum
(ITF), at the EIB Forum in Barcelona on Thursday, warning that “in the
present crisis, efficiency and profitability of infrastructure investments
are crucial for the future of transportation”. Public funding is scarce and
private investments recently have become more difficult to obtain. Stricter
oversight on risk management practices may increase the price of private
funds, explained Mr. Short. “Private sector involvement is no panacea.” At
times of crisis like this there is a tendency to close in and look inwards.
“But trade and international activities have been fundamental to growth. So
stimulus packages should have an international dimension”, explained the
Secretary General.
DUBAI, United Arab Emirates - Roads & Transport Authority - Mohammed Al Munji:
- With Photo
CHESTER, England - ACF Car Finance has reacted to international research which
reveals that music tempo increases driving risks, by launching its own music
chart which polls this week’s top ten in order of tempo to support safer
driving.
LONDON and WARRINGTON, England - With Photos
Virgin Trains has teamed up with Mills & Boon to bring romance, kissing
and fun to train travellers and raise money for Red Nose Day.
FRANKFURT - Barely Any Change From January - 2008 Leap-Year Effect Skews Figures
- Group Airports Make Positive Contribution
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