BANKING ON IT U.S. Export-Import Bank crucial link to financing for many airline customers By Tim Neale When Kenya Airways took delivery of its first 787 in April, it was a high-profile event—a celebration marking the airline’s acquisition of the fuel-efficient Dreamliner for its growing international business. Less noticed were the months of preparation that preceded the delivery and the airplane’s entry into service, including the carrier’s search for financing. With the help of the Export-Import Bank of the United States, and the support of Boeing Capital Corp. (BCC), Kenya Airways eventually secured a commercial loan at a competitive rate. “Financing can be a challenge for some airlines, especially if the company is based in a developing region,” 16 Frontiers June 2014 In 2013, the Export- Import Bank of the U.S. facilitated financing for: 123 Boeing jetliners $34.7 billion of U.S. Exports Source: Export-Import Bank of the U.S.
Frontiers June 2014 Issue
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