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Export-Import Bank of the United States Makes Available Bid Package for Purchase of One Boeing 737-400 Aircraft (MSN 26960)

FOR IMMEDIATE RELEASE February 23, 2006

Media Contact Name/Phone: 

Phil Cogan (202) 565-3200

Washington, DC --- The Export-Import Bank of the U.S. (Ex-Im Bank) has released on its web site the contents of the documents that constitute the bid package for the purchase of one Boeing 737-400 Aircraft (MSN 26960).

The aircraft was surrendered to a trustee for Ex-Im Bank by Air Nauru on December 18, 2005 pursuant to an Australian High Court ruling. The aircraft has remained in Melbourne, Australia since then.

Due to the large number and varied locations of the interested parties, as well as the amount of material Ex-Im Bank is making available, individual bid packages will not be sent. The aircraft data will be made available to all parties on Ex-Im Bank's web site at (PAGE EXIRED).

Ex-Im Bank is soliciting cash only offers for the Aircraft on an as is, where is basis. Ex-Im Bank will not entertain any offer that is contingent on financing or envisions any participation by Ex-Im Bank in financing the purchase of the Aircraft. The only contingency that Ex-Im Bank will accept in this initial round of offers is one based upon an inspection of the Aircraft and its records. If, following the completion of this solicitation process, Ex-Im Bank determines that no offers submitted are acceptable, Ex-Im Bank reserves the right to withdraw the Aircraft from sale and consider other options.

Interested parties will have until 5pm (Washington D.C. time) on March 13, 2006 to submit a bid for the Aircraft. As noted above, the only contingency acceptable in the offers will be for the inspection of the Aircraft and its records. Only bids submitted via e-mail to aircraftbids@exim.gov will be considered. All communications with Ex-Im Bank concerning the process must be submitted via e-mail to aircraftbids@exim.gov.

Complete details of the bidding process may be found on the Ex-Im Bank web site at (PAGE EXIRED).

Ex-Im Bank is the official export credit agency of the United States of America.

See previous related news releases:

Australian Courts Order Air Nauru to Surrender Aircraft to Export-Import Bank of the United States

Statement by the Export-Import Bank of the United States Regarding the Boeing 737-400 that was Surrendered to it by Air Nauru on Dec. 18th Pursuant to the Order of the Australian Courts