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Friday, March 22, 2013

Israel Airlines to Acquire Boeing 737s with $190 Million From Ex-Im Bank

The Export-Import Bank of the United States (Ex-Im Bank) has authorized $190 million in financing to support the export of Boeing 737s to El Al Israel Airlines (El Al).

El Al will receive a fleet of Boeing 737-900ERs to meet growing passenger demand in the region, the Ex-Im Bank said. The carrier did not disclose how many 737s it would receive as a result of the financing.

Boeing’s current list price for the 737-900ER is $94.6 million.

"Ex-Im's support of the American aerospace industry is remarkable and should be praised," said El Al Chief Financial Officer Nissim Malki.

The financing announcement comes following a recently announced major order for Next Generation 737s from Irish carrier Ryanair. More

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