The Private Exporting Funding Corporation (Pefco), based in New York, diversified its lending in 2010 by reducing loans for aircraft. The firm had three aircraft loan commitments worth $291 million for fiscal 2010, compared to 13 aircraft loans worth $1,338 million in fiscal year 2009. Pefco’s fiscal year begins on October 1 and ends September 30.

“There were some actors who we believe were winning transactions at non-sustainable levels, so we chose...

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