Wednesday, February 13, 2013
Ex-Im Bank Backs $500 Million Loan for Aeroflot’s Boeing 777s
The Export-Import Bank (Ex-Im) will guarantee a loan of more than $500 million provided by Apple Bank for Savings to finance the export of a fleet of Boeing 777s to Russian national carrier Aeroflot.
The first of the 777s on order was delivered to Aeroflot last month, according to the Ex-Im Bank.
"The transaction showcases once again the wealth of opportunities for U.S. exporters in Russia," said Fred P. Hochberg, president and chairman of the Ex-Im Bank.
Aeroflot will be the first Russian airline to add the 777-300ER to its fleet. More