Financial Times FT.com

Airbus prepares to double vendor financing

By Kevin Done in London and Justin Baer in New York

Published: October 21 2008 23:37 | Last updated: October 21 2008 23:37

Airbus is preparing to double the amount of vendor financing it offers to about €2bn ($2.62bn) next year to support commercial aircraft sales and maintain deliveries as its customers struggle to obtain funding from traditional sources.

Airlines find growing difficulties in obtaining funding from banks and lessors. Boeing also said it was preparing more support for customers.

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