US approves $1.1b for Indonesia airline

Lion airThe Export-Import Bank of the United States (Ex-Im Bank) has approved a final commitment of $1.1 billion to finance the export of a fleet of Boeing 737-900ER  aircraft to Lion Air, the largest privately owned airline in Indonesia, as well as its subsidiaries Batik Air and Malindo Airways of Malaysia, the bank said on March 5.

The transaction will support an estimated 7,300 jobs at Boeing’s manufacturing facilities in the US and its suppliers.

“Ex-Im Bank is pleased to support part of Lion Air’s historic purchase order of Boeing extended-range aircraft. This is a tremendous opportunity for American exporters and will help to sustain thousands of jobs in the US aerospace industry for years to come,” said Ex-Im Bank Chairman and President Fred P. Hochberg.

The authorisation is a final commitment of a preliminary offer of financing that the Bank approved in 2011. Ex-Im Bank is providing a guarantee of financing provided by Apple Bank for Savings in New York. Additional funding may be provided by capital-markets investors via an Ex-Im Bank-guaranteed bond.

The financing will support a portion of Lion Air’s outstanding orders for B737-900ER aircraft, which includes 230 Boeing 737 aircraft ordered in November 2011 – the largest commercial aircraft order in aviation history.

Headquartered in Jakarta, Lion Air provides passenger service throughout Indonesia and to other countries in Southeast Asia, as well as to Saudi Arabia.

 



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The Export-Import Bank of the United States (Ex-Im Bank) has approved a final commitment of $1.1 billion to finance the export of a fleet of Boeing 737-900ER  aircraft to Lion Air, the largest privately owned airline in Indonesia, as well as its subsidiaries Batik Air and Malindo Airways of Malaysia, the bank said on March 5. The transaction will support an estimated 7,300 jobs at Boeing's manufacturing facilities in the US and its suppliers. "Ex-Im Bank is pleased to support part of Lion Air's historic purchase order of Boeing extended-range aircraft. This is a tremendous opportunity for American exporters and...

Lion airThe Export-Import Bank of the United States (Ex-Im Bank) has approved a final commitment of $1.1 billion to finance the export of a fleet of Boeing 737-900ER  aircraft to Lion Air, the largest privately owned airline in Indonesia, as well as its subsidiaries Batik Air and Malindo Airways of Malaysia, the bank said on March 5.

The transaction will support an estimated 7,300 jobs at Boeing’s manufacturing facilities in the US and its suppliers.

“Ex-Im Bank is pleased to support part of Lion Air’s historic purchase order of Boeing extended-range aircraft. This is a tremendous opportunity for American exporters and will help to sustain thousands of jobs in the US aerospace industry for years to come,” said Ex-Im Bank Chairman and President Fred P. Hochberg.

The authorisation is a final commitment of a preliminary offer of financing that the Bank approved in 2011. Ex-Im Bank is providing a guarantee of financing provided by Apple Bank for Savings in New York. Additional funding may be provided by capital-markets investors via an Ex-Im Bank-guaranteed bond.

The financing will support a portion of Lion Air’s outstanding orders for B737-900ER aircraft, which includes 230 Boeing 737 aircraft ordered in November 2011 – the largest commercial aircraft order in aviation history.

Headquartered in Jakarta, Lion Air provides passenger service throughout Indonesia and to other countries in Southeast Asia, as well as to Saudi Arabia.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

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