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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.

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


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