US approves $1.1b for Indonesia airline

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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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Reading Time: 1 minute

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.

Reading Time: 1 minute

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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