Export-Import Bank of the United States Board of Directors Approves Final Commitment for Two Silk Way West Airlines Transactions
WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) yesterday approved two final commitments worth more than $300 million to support the export of Boeing aircraft to Silk Way West Airlines in Azerbaijan. EXIM financing for this transaction will support approximately 1,400 U.S. jobs and will benefit hundreds of suppliers and sub-suppliers across Washington, Mississippi, North Carolina, and Ohio.
“With this vote, we continue to fulfill EXIM’s mission of supporting American workers and suppliers, including numerous small businesses in Boeing’s expansive supply chain,” said EXIM President and Chair Reta Jo Lewis.
The transaction will specifically support the export of two Boeing aircraft and one General Electric spare engine to Silk Way West Airlines.
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 about $9 billion for the U.S. Treasury for repayment of overall U.S. debt. Learn more at www.exim.gov.