ANNOUNCEMENT 19 Jul 2017

In 2017 Export Development Bank Canada announced financing for Canadian suppliers.

 

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising
Inception date: 19 Jul 2017 | Removal date: open ended

State loan

On 19 July 2017, Export Development Bank Canada (EDC) announced financing for Kelowna Flightcraft Ltd. The stated purpose of the transaction is to sale of aircraft engines, spare parts and/or services for Kelowna Flightcraft Ltd. and its operations within Canada.

EDC publishes value ranges rather than precise values for the projects it finances. The present project will receive an amount in the range Can.$50-100 million. Taking the lowest possible amount, in this case, Can.$50 million (approx. U.S.$39.42 million), is our conservative estimate of the financing received.

The GTA includes state guarantees and other financial incentives that are likely to affect the restructuring and performance of firms facing international competition, whether from imports, in export markets and from foreign subsidiaries.

AFFECTED SECTORS

 

AFFECTED PRODUCTS

 
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