Export-Import Bank of the United States Board of Directors Approves Final Commitment for Aircraft Exports
WASHINGTON – The Export-Import Bank of the United States (EXIM) Board of Directors today unanimously approved a final commitment to guarantee a $304 million loan from JPMorgan to Atlas Air Worldwide Holdings, Inc. to finance aircraft exports. The transaction is expected to support 1,700 U.S. jobs and benefit hundreds of suppliers across the country.
The transaction will support the last-ever deliveries of the Boeing 747 model aircraft to Atlas Air, Inc. for international use.
“I am pleased to continue EXIM’s efforts to support the aviation supply chain,” said EXIM President and Chair Reta Jo Lewis. “Aviation transactions such as this have a far-reaching impact on our nation’s economy, helping to maintain nearly two million good-paying U.S. jobs and reinforcing our dedication to small and medium-sized businesses.”
ABOUT EXIM:
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of overall U.S. debt. Learn more at www.exim.gov.