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Saudi Group Considers Airbus Financing via Crédit Agricole
The Saudi Group has signed a memorandum of understanding with the Saudi Export and Import Bank and Crédit Agricole Bank to explore and arrange financing solutions for the purchase of new Airbus aircraft. The agreement aims to support the fleet’s expansion and modernization, enhance the group's operational capacity in international markets, by providing affordable financing and credit risk insurance coverage. The model focuses on combining international financing with credit insurance to improve Saudi companies' access to funding, and supports the increase of Saudi air transport service exports while expanding their global presence. The memorandum was signed on the sidelines of an investment meeting in Paris, with the parties preparing to explore future financing opportunities to build long-term partnerships in aircraft financing.
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