Export-Import Bank of the United States Played Key Role in Today’s Last-Ever Boeing 747 Delivery
NEW YORK – President and Chair of the Export-Import Bank of the United States (EXIM) Reta Jo Lewis, met this morning with representatives from Atlas Air Inc. and J.P. Morgan Chase to celebrate the last-ever delivery of the Boeing 747 aircraft model.
EXIM’s Board of Directors, led by Chair Lewis, approved the final loan guarantee to Atlas Air in October to support the final delivery and continue EXIM’s support of the aviation supply chain. A total of $304 million, the transaction was expected to support approximately 1,700 American jobs in Washington and Ohio while benefiting hundreds of suppliers across the country.
“EXIM is thrilled to play a role in this historic moment,” said Chair Lewis. “The Boeing 747 is an iconic symbol of the impact American design and manufacturing has had on global air travel for decades. By continuing to support domestic manufacturing and building a more resilient supply chain, EXIM is fulfilling our mission to empower American manufacturers and exporters nationwide.”
This meeting was the first stop on Chair Lewis’ tour of New York as she meets with banks and stakeholders.
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.