fbpx

YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Boeing Receives $811 Loan Guarantee From EXIM Over The Sale Of Its 787 Jetliners To Air France-KLM SA- $BA $DIA

By John F. Heerdink, Jr.

As per reports, the Export-Import Bank (“EXIM”) of the United States informed that its board of directors approved an $811 million loan guarantee to help finance the sale of Boeing’s (BA) wide-body aircraft to French-Dutch airline Air France-KLM SA.

EXIM informed that the loan guarantee would support aircraft assembled at Boeing’s Everett, Washington, and North Charleston, South Carolina, factories, which produce 787 jetliners. However, EXIM did not specify the number of aircraft involved, but KLM had ordered some 15 787-10 jets and began to take delivery of them in 2019.

EXIM said in a statement that the loan guarantee would support hundreds of small and medium-sized business suppliers and about 4,500 jobs in the United States.

“This transaction also helps a sector critical to U.S. economic security rebound from the economic impacts of the COVID-19 pandemic,” it informed.
 

Dow 30 component Boeing (NYSE: BA) is the world’s largest aerospace company and leading manufacturer of commercial jetliners and defense, space, and security systems. To learn more about Boeing (BA) and to track its ongoing progress please visit the Vista Partners Boeing (BA) Coverage Page.


Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.


(Read Original Story: UPDATE 1-U.S. EXIM Bank board backs $811 mln loan guarantee to aid Boeing jet sale in Reuters)


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us