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Airbus Says No Problems in Financing Its Planes, Figaro Reports

Airbus SAS isn’t being hampered by a drawback in plane financing by French and European banks, Le Figaro reported, citing Yann Ballet, the company’s vice president of project financing.

Between 520 and 530 plane deliveries scheduled before the end of 2011 have already been financed as well as aircraft orders for the first six months of next year, Ballet was cited as saying by the newspaper. Chinese and American banks are stepping in to fund planes as French lenders reduce their lending in the industry because of the European sovereign debt crisis, Le Figaro said, citing an unidentified American leasing company.

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