Ex-Im Bank Authorizes $117.5 Million For flydubai | 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 02.12.18

Airborne-UnManned 02.13.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

Airborne-YouTube

Airborne 02.12.18

Airborne-UnManned 02.13.18

Airborne 02.14.18

AMA Drone Report 02.15.18

Airborne 02.16.18

Thu, Oct 11, 2012

Ex-Im Bank Authorizes $117.5 Million For flydubai

First Financing Of Boeing Aircraft For The Young Middle-Eastern Carrier

The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $117.5 million loan guarantee supporting exports of Boeing 737-800 aircraft to flydubai, a low-cost airline owned by the government of Dubai. Ex-Im Bank is guaranteeing a 12-year loan from the Private Export Funding Corp. It is the Bank's first authorization supporting aircraft exports to flydubai.

"This financing is a first for Ex-Im Bank for this successful new carrier in the Middle East, and this export is a great opportunity for Boeing to expand its market reach in the United Arab Emirates. The aircraft financed supported hundreds of jobs at Boeing and its suppliers across the country," said Ex-Im Bank Chairman and President Fred. P. Hochberg.

"We believed that it was the right time, in flydubai's third year of operation, to diversify the sources of funding for our aircraft. We are delighted to have the support of Ex-Im Bank and the Private Export Funding Corp. as we continue to grow, and we look forward to developing our relationship with them in the future," said Ghaith Al Ghaith, CEO of flydubai.

In business since 2009, flydubai operates a route network of more than 45 destinations across the Middle East, North Africa, the Indian subcontinent, Asia, and Central and Eastern Europe. The airline is designated as a national carrier of the United Arab Emirates.

FMI: www.exim.gov

Advertisement

More News

AMA Drone Report 02.15.18: AMA Expo East, Skydio R1, TSB Canada Report

Also: DJI Knowledge Quiz, GoFly Competition, Drone ID Rules Coming, FAA Unenthusiastic About Prosecuting? The Academy of Model Aeronautics will host the annual AMA Expo East at the>[...]

Airborne-Unmanned 02.13.18: FAA UAS Symposium, Airbus Delivers, Manned EHANG 184

Also: UAS Pilot Code, FAA Drone Program, SkyWatch Funding, Quantix Hybrid UAS For Farmers The FAA and AUVSI will co-host the 3rd Annual FAA Unmanned Aircraft Systems (UAS) Symposiu>[...]

Airborne 02.16.18: R66 Wire-Strike Protection, Elk v Helo, Trump Budget

Also: Red Bull Picks Hartzell, SNC Dream Chaser, CH-53K Demo's Vehicle Lift, Emirates Firms Up A380 Orders Robinson has added wire strike protection provisions to its R66 options l>[...]

Aero-News: Quote of the Day (02.18.18)

"As drones become more portable, intelligent and accessible, we expect to see more enthusiasts using this technology at home, on their travels and as a complementary tool for their>[...]

ANN's Daily Aero-Linx (02.18.18)

Aero Linx: The Canadian Business Aviation Association (CBAA) The Canadian Business Aviation Association (CBAA) is a non-profit association formed in 1961 as Canada’s voice fo>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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