Sat, Mar 09, 2013
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)
Also: Boom Supersonic, Boeing 747-8, Boeing Grant, IKE's 300,000th, Rocket Lab, Duncan Aviation, Xplorer Mini Continental Motors seems to have a lot of faith in the future of aviat>[...]
Also: Safety Focus, Aero-Calendar, Mechanic Pay, Alaska Airlines, GAMA, CA Aviation Hall Of Fame, Gogo Biz 4G Dynon’s new dual band SV-ADSB-472 receives ADS-B traffic via 978>[...]
Scratches The Airplane From National Air Race In Reno The iconic World Cup winner and Formula 1 Air Racer "Hot Stuff", flown by Thom Richard will not be participating in the 2017 R>[...]
New Technical Cooperation Project Managed By EASA Unveiled The European Union (EU) and South Asian states recently celebrated the launch of a new project to enhance their ties in c>[...]
AD Number: 2017-06-09 Product: Certain Boeing Model 787-8 airplanes.>[...]