Ex-Im Bank Asked to Finance Exports of Passenger Aircraft to Russia
The Export-Import Bank of the United States has received an application for a loan guarantee to support the export of U.S.-manufactured Boeing 777 wide-body passenger aircraft that will be operated by an airline in Russia. The total value of the proposed transaction is in excess of $200 million and, based on currently available information, the amount of increased wide-body seat capacity resulting from these aircraft will be 1% or more of comparable wide-body seat capacity within the U.S. airline industry. The aircraft in this transaction will enable passenger route service within Russia and from Russia to various regional and international destinations, potentially including the U.S. Interested parties may submit comments on this transaction no later than Dec. 4.