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 09.02.14 ** HD iPad-Friendly -- Airborne 09.02.14 **
** Airborne 08.29.14 ** HD iPad-Friendly -- Airborne 08.29.14 **
** Airborne 08.27.14 ** HD iPad-Friendly -- Airborne 08.27.14 **

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

Annual Oshkosh 2014 'Best/Worst Of' Award Selection Invites YOUR Participation!

YOU Can Contribute To The Annual List Compiled By The Staff and Readership of the ANN and Aero-TV! E-I-C Note: We're going to start naming names and dropping details THIS week--- t>[...]

Airborne 08.29.14: Google Drone!, Cessna's 10,000th, Bearhawk LODA

Also: Big Boeing Order, Napa Tower Quaked, Landsberg Retires, Galileo Falters Breaking News! Google has unveiled an exciting new UAV project, called Project Wing, which has been un>[...]

Aero-TV: The Tecnam Juggernaut -- SeaSky, P2008, P2010, Trainers, and Astore!

An Impressive Line-Up Continues To Make A Solid Impact On Sport Aviation ANN CEO and Editor-In-Chief, Jim Campbell seized the opportunity to talk with Phil Solomon, the CEO of Tecn>[...]

AD: Bombardier, Inc. Airplanes

AD NUMBER: 2014-17-04 PRODUCT: Certain Bombardier, Inc. Model CL-600-2B19 (Regional Jet Series 100 & 440) airplanes.>[...]

ANN's Daily Aero-Linx (09.02.14)

FAA General Aviation Airports Report Beginning in 2010, the FAA began a national review of the general aviation airports resulting in two reports, General Aviation Airports: A Nati>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC