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

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.23.16

Airborne Hi-Def On YouTube

Airborne 09.26.16

Airborne 09.27.16

Airborne 09.28.16

Airborne 09.29.16

Airborne 09.23.16

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

Airborne 09.27.16: EAA's 200K!, MilPilots Get Break, UAV Pilot Applications

Also: GPS Sat, Aero-Calendar, B-21 Raider, Boeing 777X, Tecnam P2002JF, NBAA Honors Louis Seno, Alaska-Virgin Merger EAA has reached a major milestone, as the association has surpa>[...]

BlackSky Pathfinder Satellite Launched Aboard India’s PSLV

Paves The Way For 60-Satellite Constellation To Deliver High-Resolution Satellite Imaging The BlackSky Pathfinder-1 satellite was successuflly launched into a sun synchronous orbit>[...]

Several Injured By Helicopter Rotorwash At Boy Scout Event

Arriving Helo Blew Several Canoes Into A Crowd On Shore It was supposed to be the celebration of the introduction of a new program to introduce young kids to the Boy Scouts. It wou>[...]

FAA: Parachutes Did Not Open In Tandem Jump Accident

First-Time Skydiver And Instructor Fatally Injured In August The FAA has determined that a first time skydiver and his instructor were fatally injured in an accident August 6th, 20>[...]

Southwest Airlines Flight Attendants To Vote On New Agreement

Balloting To Take Place From October 16 - 31 Southwest Airlines Co. has announced that the Executive Board of Transport Workers Union (TWU) Local 556, the Union that represents our>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC