Ex-Im Bank surpasses USD1bn in financing for American business aircraft

24 February 2014

The Export-Import Bank of the United States said it has topped USD1bn in support of American-made business-aircraft and helicopter financings since the beginning of FY 2012.

In a deal that drove recent business-aircraft and helicopter financings over the USD1bn mark and supported approximately 2,100 American jobs, the bank´s board approved a guarantee of a USD300m loan to Minsheng Financial Leasing Company Ltd. of Tianjin, China, to finance the purchase of eight Gulfstream Aerospace Corp. of Savannah, Ga. aircraft.

Ex-Im Bank is an independent federal agency that creates and maintains US jobs by filling gaps in private export financing at no cost to American taxpayers. Its website is at www.exim.gov.

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