Export-Import Bank of the United States Board of Directors Approves Nearly $297 Million Transaction to Angola
Washington, DC – The Export-Import Bank of the United States’ (EXIM) Board of Directors today approved a transaction to export Boeing aircraft and spare propulsion equipment to Angola.
The final commitment of nearly $297 million for TAAG Angola Airlines will support the export of Boeing 787-10 passenger aircraft and General Electric Aerospace spare engines.
“With nearly 1,400 jobs supported across the United States through this transaction, EXIM continues to fulfill its mandate to support jobs through exports,” said Acting President and Chairman James Cruse. “With today’s approval, we are supporting the nation’s economic security while bolstering Angola’s economy through the export of these aircraft and engines.”
This transaction is expected to support approximately 1,400 jobs in South Carolina, Ohio, and throughout the United States in both companies’ supply chains.
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. Learn more at www.exim.gov.
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