7-Oct-2011 10:07 AM

Ex-Im Bank authorises USD1.3bn in loan guarantees to Air India to support Boeing acquisitions

Export-Import Bank of the United States (Ex-Im Bank) board approved (30-Sep-2011) USD1.3 billion in loan guarantees supporting Boeing commercial aircraft sales, specifically B787 deliveries, to Air India. In addition to these final commitments, the board also approved a USD2.1 billion preliminary commitment to support future deliveries of Boeing aircraft to Air India. Upon approval of the conversion of the preliminary commitment into a final commitment, the transactions in total will support the export of 30 Boeing aircraft to Air India. [more - original PR]