Thu, Oct 11, 2012
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.
Also: Veterans Against Airshows, Redbird Migration 2016, Rocket Debris, Charles Taylor Award, Wayward Satellite, Norfolk International, Hawaiian Airlines It was only last week that>[...]
Had Purchased Airplanes Used To Transport Large Quantities Of Narcotics A man who had purchased two airplanes in Virginia that were used to transport tons of cocaine between Guatem>[...]
Frank Ambrose Beginning as an Air Force Photographer in 1943, Frank Ambrose now operates a studio in Gloversville, New York specializing in Commercial, Industrial and Portrait phot>[...]
A report over a known location as transmitted by an aircraft to ATC.>[...]
"This year's research shows that South Carolina's aerospace industry is diversifying and trending towards sustainable growth." Source: Dr. Joey Von Nessen, author of the South Caro>[...]