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Export-Import Bank Moves to Finance Exports of Aircraft to Ireland and Ethiopia

Monday, July 01, 2013
Sandler, Travis & Rosenberg Trade Report

The Export-Import Bank of the United States has received an application for final commitment for a long-term loan or financial guarantee to support the export of Boeing 777 aircraft to Ireland, where they would be used under operating lease for long-haul service from Brazil and Chile to other countries. Comments on this application are due no later than July 26.

Separately, the Ex-Im Bank announced June 27 that it has authorized nearly $130 million in financing to support the export of Boeing long-range aircraft and installed GE-90 engines to Ethiopian Airlines. An agency press release asserts that this transaction will support an estimated 700 U.S. jobs in the aircraft and aircraft-engine manufacturing industry. The press release adds that over the last decade the Ex-Im Bank has approved more than $2.2 billion to finance exports of U.S.-manufactured aircraft and aircraft engines to Ethiopian Airlines.

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