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Georgia Company Partners with EXIM Bank to Export Aircraft

Exporter/Customer: 
Thrush Aircraft, Inc.
Export Destinations: 
80 countries around the world
EXIM Bank Product: 
Loan Guarantee
Export Sales ($): 
$17 million
Jobs Created: 
60

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Thrush Aircraft, a small business based in Albany, Ga., exports aerial-application aircraft used in agriculture, forestry, and firefighting operations. Founded in 2003, the company currently employs 185 people.

After learning of EXIM Bank from the U.S. Commercial Service in Savannah, Ga., Thrush first took advantage of the Bank's products in 2010 to export an aircraft to Kenya. Since then, Thrush's production has doubled from 30 aircraft a year to 60 aircraft, and the company has added 60 new jobs to its rolls.

Today there are more than 2,200 Thrush aircraft operating in some 80 countries around the world. More than 60 percent of the company's sales are international, and it credits its expansion in Brazil, which expects to see a spike in sales from $4.3 million to $17 million, to EXIM Bank support.

This is a terrific example of the power of an extremely bright and highly capable banking team bringing their expertise to bear on a commercial opportunity that helps - not only Thrush Aircraft and our jobs - but our new customers in China as well. I'm not exaggerating when I say this deal simply would not have been possible without EXIM banking behind it.
Payne Hughes, president