The U.S. Export-Import Bank has authorized nearly $130 million in financing to support the export of Boeing long-range aircraft and installed GE-90 engines to Ethiopian Airlines.
Ex-Im Bank Chairman Fred P. Hochberg announced the transaction July 1 in Addis Ababa. Hochberg is in Ethiopia conducting meetings with government and business leaders as part of a week-long trip to India, Ethiopia and South Africa.
From 2003 to 2013, Ex-Im Bank has approved more than $2.2 billion to finance exports of U.S.-manufactured aircraft and engines to Ethiopian Airlines. In May 2012, the bank authorized financing to support 10 Boeing 787 Dreamliner planes to the African carrier. Four of the aircraft were funded through a capital-markets bond issuance in November 2012.
U.S. supports $130 million for Ethiopian Airlines
