Ex-Im Bank Sets Aggressive BizAv Goal For 2014 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-07.07.25

Airborne-NextGen-07.08.25

AirborneUnlimited-07.09.25

Airborne-FlightTraining-07.10.25

AirborneUnlimited-07.11.25

Fri, May 23, 2014

Ex-Im Bank Sets Aggressive BizAv Goal For 2014

Targets $2 Billion In Financing of U.S.-Manufactured Business Airplanes And Helicopters By Year's End

The Export-Import Bank of the United States (Ex-Im Bank) has announced a new goal of $2 billion in financing for U.S.-manufactured business aircraft and helicopters by the end of 2014. The Bank reached its previously announced goal of $1 billion in support of these exports in December 2013, 10 months ahead of schedule.

In FY 2014 to date, Ex-Im Bank has authorized approximately $740 million for exports of business aircraft and helicopters made in the United States by companies that include Gulfstream Aerospace Corp. based in Savannah, GA, Beechcraft based Wichita, KS, and Sikorsky Aircraft Corp., which manufactures nonmilitary helicopters in Coatesville, PA. Ex-Im Bank's financing also supports sales and jobs of U.S. small businesses in the supply chains of these manufacturers.

"Ex-Im Bank has exceeded its goal to increase export financing of U.S.-made business aircraft and helicopters to $1 billion by 2014, and we expect to double that amount by the end of the calendar year. The Bank's support is enabling these manufacturers and their workers to create American jobs and meet the growing global demand for their excellent products, particularly in markets where other sources of buyer financing are not readily available," said Ex-Im Bank Chairman and President Fred P. Hochberg.

Ex-Im Bank topped its previous goal in December 2013 with the guarantee of a $300 million loan extended by Apple Bank for Savings to Minsheng Financial Leasing Company Ltd. of Tianjin, China, that is financing the purchase of a fleet of eight aircraft manufactured by Gulfstream.

FMI: www.exim.gov

Advertisement

More News

NTSB Final Report: Aviat A1

Airplane Bounced About 3 Ft Then Touched Back Down And Then, With No Brakes Applied, The Airplane Began Veering To The Left Analysis: The pilot entered the airport traffic pattern >[...]

ANN's Daily Aero-Linx (07.08.25)

Aero Linx: British Microlight Aircraft Association (BMAA) The primary focus within all aviation activity is SAFETY. In all aspects of our sport SAFETY must come first, whether it b>[...]

Classic Aero-TV: Fly Corvair’s Reliable Engine Alternative

From SnF25 (YouTube Edition): William Wynne Builds Practical Aircraft Engines on the Corvair Platform Seeking an affordable alternative to the traditional aircraft engine options, >[...]

ANN FAQ: Contributing To Aero-TV

How To Get A Story On Aero-TV News/Feature Programming How do I submit a story idea or lead to Aero-TV? If you would like to submit a story idea or lead, please contact Jim Campbel>[...]

Classic Aero-TV: CiES Fuel-Quantity and e-Throttle Systems Praised

From 2023 (YouTube Edition): Bridge of CiES CiES Inc. is a Bend, Oregon-based designer and manufacturer of modular embedded aircraft systems and sensors. The company’s fuel-l>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2025 Web Development & Design by Pauli Systems, LC