Ex-Im Approves Approximately $500 Million To Finance Export Of 787s To Poland | 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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.21.15

Airborne Hi-Def On YouTube

Airborne 08.24.15

Airborne 08.25.15

Airborne 08.26.15

Airborne 08.27.15

Airborne 08.21.15

EAA/ANN AirVenture Innovation Preview

AIP-#1 Vimeo

AIP-#2 Vimeo

AIP-Part 1 YouTube

AIP-Part 2 YouTube

Tue, Nov 20, 2012

Ex-Im Approves Approximately $500 Million To Finance Export Of 787s To Poland

LOT Airlines Took Delivery Of Its First Dreamliner Earlier This Month

The board of the Export-Import Bank of the United States (Ex-Im Bank) has authorized a comprehensive guarantee of an approximately $500 million loan to Polskie Linie Lotnicze LOT S.A. (LOT Airlines) for the export of a fleet of Boeing 787 Dreamliner aircraft to Poland. Apple Bank for Savings of New York extended the loan.

Boeing delivered the first Dreamliner to LOT Friday, November 9 in Everett, WA (pictured). The Dreamliner departed Seattle Thursday and arrived in Warsaw, Poland Friday. LOT will be the first European airline to operate the Dreamliner, and it was also the first European airline to operate the Boeing 767. 

Ex-Im Bank's financing will support approximately 2,500 U.S. jobs, according to bank estimates derived from Departments of Commerce and Labor data and methodology. "This landmark transaction brings American state-of-the-art aircraft to a competitive marketplace in Europe," said Ex-Im Bank Chairman and President Fred P. Hochberg. "By leveling the playing field, the Bank's financing benefits business in both America and Poland and supports thousands of jobs in the U.S."

Founded in 1928, LOT became the first airline in Central and Eastern Europe to operate American-manufactured aircraft. It is also the only airline that currently offers non-stop flights between the U.S. and Poland. The fleet of Dreamliners, which will contribute to LOT's efforts to simplify, modernize, and upgrade its operations, will continue LOT's non-stop North American service by flying routes to Warsaw from Chicago, New York, and Toronto.

"The Dreamliner delivery is yet another historic first for LOT, already one of the world's oldest continuing airlines, as it becomes the first airline in Europe to operate the 787," said Todd Nelp, vice president for European sales at Boeing Commercial Airplanes. "We're thankful that Poland's flag carrier puts its faith in American aviation know-how, and that Ex-Im Bank is there to support our customers who enable and sustain thousands of U.S. technology jobs."

Nippon Export and Investment Insurance of Japan is co-financing the transaction.

As of the end of FY 2012, Ex-Im Bank's credit exposure in Poland totaled $5.5 million.

FMI: www.exim.gov

Advertisement

More News

Airborne 08.26.15: New U-2?, Carter PAV Update, AK TFR Concerns

Also: Skydive Mid-Air, Classic Aero-TV, United Airlines, Forest Service Policy v Helicopters, WestJet Pilots' Association, NASA Drops Plane, Flightnow in Court Is it possible that >[...]

AD: Airbus Helicopters

AD NUMBER: 2015-17-11 PRODUCT: Airbus Helicopters Model AS350B, AS350BA, AS350B1, AS350B2, AS350B3, AS350C, AS350D, AS350D1, AS355E, AS355F, AS355F1, AS355F2, AS355N, AS355NP, EC13>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2015-17-05 PRODUCT: Certain Bombardier, Inc. Model BD-700-1A10 and BD-700-1A11 airplanes.>[...]

ANN's Daily Aero-Linx (08.27.15)

The Ejection Site The goal is to educate and entertain people of all interests with details on one of the most interesting fields of engineering.>[...]

ANN's Daily Aero-Term (08.27.15): Heading Hold

This describes a type of Gyro which senses rotation, and maintains direction. This is accomplished by sensing the rate of motion, and the time of motion, then compensating for the >[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2015 Web Development & Design by Pauli Systems, LC