Ex-Im Bank Approves $1.1 Billion In Financing For Lion Air 737s | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

Airborne Unlimited-
Monday

Airborne-Unmanned w/AUVSI-
Tuesday

Airborne Unlimited-
Wednesday

AMA Drone Report-
Thursday

Airborne Unlimited-
Friday

Airborne On ANN

Airborne 05.21.18

Airborne-UnManned 05.22.18

Airborne 05.23.18

AMA Drone Report 05.24.18

Airborne 05.25.18

Airborne-YouTube

Airborne 05.21.18

Airborne-UnManned 05.22.18

Airborne 05.23.18

AMA Drone Report 05.24.18

Airborne 05.25.18

Sat, Mar 09, 2013

Ex-Im Bank Approves $1.1 Billion In Financing For Lion Air 737s

Transaction To Support An Estimated 7,300 American Jobs

The Export-Import Bank of the United States (Ex-Im Bank) has approved a final commitment of $1.1 billion to finance the export of a fleet of Boeing 737-900ER (extended range) aircraft with CFM International aircraft engines to Lion Air, the largest privately owned airline in Indonesia. The aircraft will be delivered to Lion Air, Malindo Airways (Malaysia) and Batik Air (Indonesia).

The transaction will support an estimated 7,300 jobs at Boeing's manufacturing facilities in Renton, WA, and its suppliers in numerous states across the country. "Ex-Im Bank is pleased to support part of Lion Air's historic purchase order of Boeing extended-range aircraft. This is a tremendous opportunity for American exporters and will help to sustain thousands of jobs in the U.S. aerospace industry for years to come," said Ex-Im Bank Chairman and President Fred P. Hochberg.

The authorization is a final commitment of a preliminary offer of financing that the Bank approved in 2011. Ex-Im Bank is providing a guarantee of financing provided by Apple Bank for Savings in New York, N.Y. Additional funding may be provided by capital-markets investors via an Ex-Im Bank-guaranteed bond.

The financing will support a portion of Lion Air's outstanding orders for B737-900ER aircraft, which includes 230 Boeing 737 aircraft ordered in November 2011 – the largest commercial aircraft order in aviation history.

"We're proud that Lion Air has put its faith in the 737-900ER by being the launch customer and largest operator of the type," said Dinesh Keskar, senior vice president of Asia Pacific and India Sales, Boeing Commercial Airplanes. "Lion Air recognizes the business value and success that comes from investing in a quality, U.S.-built product. Ex-Im Bank's financing support allows us to compete on the merits of our product and not be disadvantaged by financing offered by our competitors."

(Lion Air 737 image from file)

FMI: www.exim.gov

Advertisement

More News

EASA Approves The G5000 For The Beechjet 400A/Hawker 400XP

SUN-AIR Of Scandinavia A/S, Franchisee Of British Airways, Selects The G5000 Integrated Flight Deck EASA has approved the G5000 integrated flight deck for the Beechjet 400A and Haw>[...]

Airborne 05.23.18: KSMO Legal Woes, B777X Folding Wingtip, #OSH18COOL Campaign

Also: 2nd ERAU Arrow Wing Cracked, Memphis Airport, Orbital ATK Launch, Flexjet Pilot Salaries Last week, representatives from the City of Santa Monica and the FAA sat before a jud>[...]

Airborne 05.25.18: Aero-Fraud Sentenced, Perimeter Flight, Desert Jet Ctr

Also: Dallas Love Field, CAL FIRE Firehawks, Rotors ’N Ribs, Israeli Air Force F-35s Robert Charles Jones Brady, owner of Beech Aviation, was sentenced in a US District Court>[...]

AMA Drone Report 05.24.18: Drone Rescues, AMA Celebrates, Onerous Ohio Regs

Also: Drone Ops Over DoD Facilities, Space Needle Drone Crash, NAA’s Most Memorable, Textron's X5-55 As the reputation of the drone community, hobby and professional, continu>[...]

Airborne-Unmanned 05.22.18: Aurora ACUS, Horsefly Delivers, K2 LEO UAS

Also: Aero-TV: Textron's X5-55, InfraDrone App, NASA's Mars Helicopter, Gremlins on Track This month, Aurora’s Autonomous Aerial Cargo Utility System (AACUS) successfully del>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2018 Web Development & Design by Pauli Systems, LC