IMPLEMENTATION LEVEL

NFI

AFFECTED FLOW

Outflow (subsidised)

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

firm-specific

JUMBO

No

TARIFF PEAK

No
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Inception date: 22 Jun 2021 | Removal date: open ended

Trade finance

On 22 June 2021, the UK Export Finance agency (UKEF) published the list of businesses supported by UKEF in the 2020-21 period.

According to the list, Finnair OYJ was provided financing in the form of an asset-based guarantee having a total value of GBP 30.6 million (USD 42.5 million). The financing was provided to support the Airbus S.A.S.’s export of aircraft to Finland. 

Given that UKEF does not provide the exact date that the trade finance deal was signed, the most conservative inception date, i.e. the 22 June 2021, was set as the inception date.

AFFECTED COUNTRIES

MAP
TABLE
EXPORT

AFFECTED SECTORS AND PRODUCTS

496 Aircraft & spacecraft; parts
8802 Other aircraft (for example, helicopters, aeroplanes); spacecraft (including satellites) and suborbital and spacecraft launch vehicles.
880240 Aeroplanes and other aircraft, of an unladen weight exceeding 15,000 kg

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