Regional Financing

Saudia Aircraft Order Stumbles On Issue Of Sovereign Guarantee

Saudia Airline's much-vaunted $6bn fleet renewal order appears to have beenbrought up short by the inability of the US and Saudi authorities to agree onthe terms of US Eximbank export credits, without which Saudi Arabia will beunable to finance the purchase. Ironically, the availability of US exportcredits was seen as one of the key factors influencing the Kingdom's decision to...