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

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Airborne Hi-Def On YouTube

Oshkosh Day One

Oshkosh Day Two

Oshkosh Day Three

Oshkosh Day Four

Oshkosh Day Five

Tweet Us The Coolest Things You See @OSH16!
#OSH16Coolest!

It's Alive!: AirVenture 2016 Innovation Preview on Vimeo!

It's Alive!: AirVenture 2016 Innovation Preview on YouTube!

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

Airborne 07.28.16-Oshkosh Day 4: Mike Huerta Addresses Oshkosh, King Schools

Also: Evolution Aircraft, Sporty’s/Savvy Breakdown Assistance, Comprehensive Jack Pelton Interview, Part 4 FAA administrator Michael Huerta came to town at EAA AirVenture 201>[...]

Dynon Avionics Certifies Outstanding Osh16 Special Event Coverage!!

Leading Edge Sport Avionics Company Pushes The Envelope For Both Sport and General Aviation Markets! Founded in 2000, Dynon Avionics’ mission is to create the best avionics a>[...]

Pilot Training System Teaches Us The Way To Oshkosh 2016 Special Coverage!

Pilot Training System Has A Knack For Educating Aviators... Via Innovative Programs Established in 2011, Pilot Training System’s (PTS) online flight-training solution provide>[...]

Only Sporty's!!! Sporty's Pilot Shop Helps ANN Cover Oshkosh 2016!

Sporty's Pilot Shop Is A Pivotal GA Resource! Sporty’s Pilot Shop was founded over 50 years ago by a flight instructor, and ever since has been for pilots and by pilots. Hal >[...]

Trig Avionics Stacks The Deck To Provide ANN's OSH16 Special Event Coverage

Trig Excels In Affordable Avionics That Fit YOUR Panel! Trig Avionics are experts in the design and manufacture of compact and innovative certified avionics for light aviation. Our>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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