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US Ex-Im Bank approves USD84.8m for Gol to support export of engine maintenance by Delta TechOps

9-Apr-2012 12:35 PM

The Export-Import Bank of the United States (Ex-Im Bank) announced (05-Apr-2012) that the board of directors has approved a Final Commitment for an USD84.8 million loan guarantee to VRG Linhas Aereas (GOL). This financing will support the export of engine maintenance services by Delta TechOps, a subsidiary of Delta Air Lines. In Dec-2010, GOL signed a contract with Delta Air Lines to perform heavy maintenance on its CFM56-7B engines that are installed on the airline's Boeing 737NG fleet. As part of the contract, Delta TechOps will provide GOL with up to 253 scheduled engine removals and additional unscheduled removals. Ex-Im Bank's guarantee will cover the first two years of GOL's five-year contract with Delta TechOps. [more - original PR]