CARGOLUX SIGNS FINANCING AGREEMENT FOR B747 PURCHASE
Cargolux on Thursday signed a financing agreement with several entities to purchase its 12th B747-400 freighter.
Participants in the agreement, which was signed in Washington, were representatives of the U.S. Export-Import Bank, the European Investment Bank, ING Bank, Landesbank Kiel, and David Arendt, chief financial officer of Cargolux.
The plane leaves Seattle Aug. 22 for delivery to Luxembourg.