Once a critical pillar for supporting commercial space projects around the world, export credit agencies have faded from the limelight in an industry awash with financing alternatives. But as an Indonesian satellite secures ECA support and Canada’s Telesat explores the option for its LEO constellation, there is still a role to play for these state-backed institutions.
Export credit financing, which less than a decade ago was a critical element of satellite industry business plans, has now largely faded from the market as private financing becomes more accessible and affordable.
U.K. Export Finance, an agency with a long-standing interest in supporting satellite projects but with little to show for it until now, has signed a $325 million loan with Turkey to support two satellites Airbus is building under a 2017 contract.
Britain’s export-credit agency may be the most attractive source of satellite project financing that almost none one has heard of or uses.