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 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.19.18

Airborne 07.13.18

Airborne-YouTube

Airborne 07.16.18

Airborne-UnManned 07.17.18

Airborne 07.18.18

AMA Drone Report 07.19.18

Airborne 07.13.18

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

One More Reason To Celebrate Oshkosh -- ANN To Select Best Sportplanes of 2018!

In An Age Clouded By Icon's Flim-Flammery, We Want To Suggest Companies/Planes We HONESTLY Believe You Should Trust As we have in year's past... ANN is dusting off one of our reade>[...]

Details About ANN’s NEW Social Media Program (SMP) For Oshkosh 2018!

ANN Pushes Aviation Media Further Into The 21st Century... ANN is radically updating its social media campaign for the upcoming 2018 Oshkosh AirVenture Fly-In. This is just the lat>[...]

AMA Drone Report 07.12.18: Drone Reg. Warning, Taylor v FAA, OSH DroneShow

Also: Drone Advisory Committee, OH Town Drone Regs, Drone Umbrella, AirVenture Schedule Update The FAA is warning drone owners – especially hobbyists -- about people offering>[...]

It's On--Again! EAA/ANN Announce 2018 AirVenture Innovation Preview!

Stunningly Successful Innovation Program Draws Hundreds of Thousands of Eyeballs to ‘All Things AirVenture’ E-I-C Note: We're tremendously excited to work with EAA agai>[...]

Aero-News AirVenture Update: This Is So Cool! #OSH18COOL

We Need YOUR Help To Find AND Celebrate The Coolest Stuff At EAA AirVenture 2018, #OSH18COOL Stuff that’s new is cool… we get it… that’s why we’re b>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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