Export-Import Bank of the United States Board of Directors Authorizes $811 Million Loan Guarantee for U.S. Aviation Exports, Support Approximated 4,500 U.S. Jobs
WASHINGTON – The Export-Import Bank of the United States (EXIM) Board of Directors this week unanimously approved a final commitment to guarantee an approximately $811 million loan to finance U.S. aircraft export materials to KLM Royal Dutch Airlines. EXIM’s support for this transaction fills an important financing gap and strengthens the competitiveness of U.S. aviation.
The aircraft, assembled at The Boeing Company’s Everett, WA and Charleston, SC facilities, will support hundreds of small and medium-sized business suppliers and approximately 4,500 U.S. jobs across the country. This transaction also helps a sector critical to U.S. economic security rebound from the economic impacts of the COVID-19 pandemic.
“EXIM support for aviation transactions supports America’s aerospace competitiveness, and with it, the more than two million good-paying jobs across the aerospace supply chain,” said President and Chair Reta Jo Lewis. “These good-paying jobs and the aerospace industry are important to sustaining America’s economic prosperity and national security.”
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.