16-Nov-2010 3:49 PM
Comair secures backing for B737s; Lonrho shares gain 4.4%
Analysis
Comair (0%) confirmed it has secured the preliminary commitment of US government-backed financing for its new fleet of B737-800 aircraft. The credit guarantee, which will cover all eight aircraft, was secured via the US Ex-Im Bank. Erik Venter, Joint CEO of Comair stated the company's ability to secure this financing was due mainly to its 65-year profit history.
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