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 Unlimited-10-15-18

Airborne Unlimited-10-16-18

Airborne Unlimited-10.17.18

Airborne Unlimited-10.18.18

Airborne Unlimited-10.19.18

Airborne-YouTube

Airborne Unlimited-10-15-18

Airborne Unlimited-10-16-18

Airborne Unlimited-10.17.18

Airborne Unlimited-10.18.18

Airborne Unlimited-10.19.18

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

Mid-Continent and True Blue Power Present ANN's NBAA 2018 Special Coverage!

Mid-Continent Instruments and Avionics and True Blue Power Present NBAA 2018 (NBAA Display #2265 ) Ravn Alaska Upgrades DHC-8 Fleet with True Blue Power® High-Performance, Lith>[...]

Expert Help Wanted: Could YOU Be The Next Face Of 'Airborne?'

Aviation's Longest Running Video News Program Is Seeking New Talent For Airborne Expansion ANN is on the hunt for next new face of our Airborne news program series... in order to a>[...]

AMA Drone Report 10.11.18: MultiGP/DRL Join Up, Hurricane Warning, EAA Support

Also: Airspace Authorization Expire?, MOSAIC Proposal, New LAANC Providers, FAA Targets UAS Violators The 2018 MultiGP Drone Racing Championship and 2019 DRL Swatch Tryouts eSports>[...]

Airborne-Unmanned 10.09.18: FAA Reauthorized, MQ-9B SkyGuardian, MultiGP/DRL

Also: V-247 Vigilant UAV, ParaZero FAA Waiver, AUVSI'S Trusted Operator, Augusta Drone Company The President of the United States has signed the long-term FAA Reauthorization that >[...]

Airborne 10.18.18: PC-24 Expands Reach, Falcon 8X EFVS, Honda Performance Pkg

Also: NetJets Global 7500, New Tower At KGSO, Dassault FalconConnect, Bent Wing Flight Services The PC-24 is taking hold across the globe... Following the TC issuance last December>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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