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.
NTSB Denies FAA's Right to Penalize UAS PIlot Remember Raphael "Trappy" Pirker? When last we wrote about this fellow, he was dealing with a recalcitrant FAA who had asserted that h>[...]
Brings Company Into Compliance With All State Regulations For Medical Transport The state of Nevada has fully licensed Angel MedFlight Worldwide Air Ambulance to transport patients>[...]
Also: Trig TT31 Update, Barnstorming--GA Wimping Out, Gone West: MiG Designer Belyakov, Zenith's 10000 Plan! When the FAA opened the door for easier angle of attack (AoA) indicator>[...]
Space Telescope Science Institute Welcome to the Space Telescope Science Institute (STScI) -- home of science program selection, grant administration, planning, scheduling, and pub>[...]
Informs the pilot of the heading he/she should fly. The pilot may have to turn to, or continue on, a specific compass direction in order to comply with the instructions.>[...]