Exclusive: British taxpayers underwrote deals worth £140m by firm based in Cayman Islands

Tom Harper & Daniel Beiszley. Article on the UK ECA. Published in The Independent, 6th July 2014

The Government is using taxpayers’ money to underwrite £140m-worth of deals for a company whose ultimate ownership is based in a notorious tax haven. UK Export Finance, a branch of the Department for Business, is risking public funds to provide insurance cover for deals involving the aircraft leasing firm AWAS Aviation Capital Ltd. The company is backed by Terra Firma, one of the world’s biggest...


  • Energy
  • Extraterritoriality