U.S. supports Boeing plane exports to El Al

· Tuesday, March 26, 2013

   The U.S. Export-Import Bank has authorized more than $190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines.
   “This transaction will help ensure that El Al has a modern and efficient fleet that can meet the growing demands of their customer base,” said Ex-Im Bank Chairman Fred P. Hochberg, in a statement. “Ex-Im has a long and productive history of working with El Al, dating back to 1960.”
   The National Association of Manufacturers (NAM) also supports the transaction, stating it “will have a positive impact on jobs – both directly and indirectly throughout the supply chain – and will support economic growth in a key manufacturing sector.”
   The bank’s current exposure in Israel is about $950 million.

Chris Gillis

Located in the Washington, D.C. area, Chris Gillis primarily reports on regulatory and legislative topics that impact cross-border trade. He joined American Shipper in 1994, shortly after graduating from Mount St. Mary’s College in Emmitsburg, Md., with a degree in international business and economics.