Ex-Im Bank Authorizes $190 Million To Israeli Airline | 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 11.28.16

Airborne 11.29.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Airborne Hi-Def On YouTube

Airborne 11.28.16

Airborne 11.29.16

Airborne 11.30.16

Airborne 12.01.16

Airborne 12.02.16

Sun, Mar 24, 2013

Ex-Im Bank Authorizes $190 Million To Israeli Airline

Financing Will Support Export Of Boeing 737-900ERs For El Al

The Export-Import Bank of the United States (Ex-Im Bank) has authorized more than $190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines, Ltd. (El Al). According to Boeing, this transaction will help the company create and sustain more than 1,300 American jobs.

"This transaction will help ensure that El Al has a modern and efficient fleet that can meet the growing demands of their customer base," said Ex-Im Bank Chairman Fred P. Hochberg. "Ex-Im has a long and productive history of working with El Al, dating back to 1960. This transaction demonstrates that Ex-Im Bank's strong support of the American aerospace industry increases American competitiveness and supports high-quality American jobs in the process."

"Ex-Im's support of the American aerospace industry is remarkable and should be praised," said El Al Chief Financial Officer Nissim Malki. "El Al benefits from this support, which will facilitate the financing of 737-900 aircraft manufactured by Boeing. We are pleased that this wonderful news came during President Obama's visit to Israel and would like to thank Ex-Im Bank and Chairman Hochberg for their professionalism, patience and creativity in finalizing the transaction."

This transaction is supported by the National Association of Manufacturers (NAM). According to NAM, "this particular transaction will have a positive impact on jobs – both directly and indirectly throughout the supply chain – and will support economic growth in a key manufacturing sector."

El Al was established in 1948 and is the national flag carrier of Israel. El Al continues to play a crucial role for the country, serving all sectors of the Israeli air travel industry, including business travelers, tourists, friends and relatives and immigrants.

Ex-Im Bank's first transaction with Israel was in 1948, the year the country was founded. In FY'12, the Bank authorized $1.7 million and its exposure was $580 million. Ex-Im's current exposure in Israel is approximately $950 million.

(Image provided by Boeing)

FMI: www.exim.gov

Advertisement

More News

Barnstorming: Saving Santa Monica¬Ö and Enhancing The Future of Aviation

As If We Didn’t Have Enough to Do, Another Critical Challenge Demands Our Full Attention It has been a brutal few weeks… starting with the loss of our dear friend, Bob>[...]

VSS Unity, The New SpaceShipTwo, Free-Flies For The First Time

Two Years After Tragedy, The Program Proves It Still Has The Right Stuff The newest SpaceShipTwo has flown free for the first time. According to the Virgin Galactic crew, "Our new >[...]

AMA Opposes Orlando City Council Drone Ordinance

Proposal Runs Afoul Of Federal Authority Over The Nation’s Airspace... The Academy of Model Aeronautics (AMA) sent a letter to the Orlando City Council in opposition to a pro>[...]

Aero-News: Quote of the Day (12.05.16)

"This represents culmination of many years of hard work and perseverance by the team here in the USA and back at base in Germany too, we’re literally over the moon.” So>[...]

AeroSports Update: AutoGyro Now Type Certificated In The U.S.

The FAA Has Granted Type Certification To AutoGyro For Its Factory-Built Calidus Aircraft It seems we hear a lot about new FAA type certification of airliners and corporate jets, b>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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