Export-Import Bank of the United States’ Board of Directors Approves Final Commitment for Turkish Airlines
WASHINGTON – The Board of Directors for the Export-Import Bank of the United States (EXIM) today approved a final commitment loan guarantee to support the export of aircraft for international use.
The transaction, which was approved for a total of more than $673 million, will support the purchase of Boeing 787-9 aircraft to be used by Turkish Airlines and support the airline’s fleet renewal and expansion program. The aircraft are expected to start delivering later this year.
“I am proud to support transactions such as this one,” said EXIM President and Chair Reta Jo Lewis. “The thousands of domestic jobs supported by this final commitment further illustrate the dedication EXIM has to strengthening our nation’s economic security and reinforcing the American supply chain.”
This transaction will support an estimated 3,700 jobs across various states including South Carolina and Ohio.
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of overall U.S. debt. Learn more at www.exim.gov.