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Ex-Im Bank authorizes US$190 million to support sale of Boeing 737-900ER to El Al

The transaction will help Boeing create and sustain more than 1,300 American jobs
09.04.13 / 00:00
Ex-Im Bank authorizes US$190 million to support sale of Boeing 737-900ER to El Al
09.04.13
Ex-Im Bank authorizes US$190 million to support sale of Boeing 737-900ER to El Al

The Export-Import Bank of the United States (Ex-Im Bank) authorized more than US$190 million in financing to support the export of Boeing 737-900ER aircraft to El Al Israel Airlines (El Al).

According to Boeing, this transaction will help the company create and sustain more than 1,300 American jobs. This transaction is supported by the National Association of Manufacturers (NAM).

According to NAM, "this particular transaction will have a positive impact on jobs – both directly and indirectly throughout the supply chain – and will support economic growth in a key manufacturing sector."

Ex-Im Bank Chairman Fred P. Hochberg said in a press release that: “This transaction will help ensure that El Al has a modern and efficient fleet that can meet the growing demands of their customer base,” Hochberg added “Ex-Im has a long and productive history of working with El Al, dating back to 1960. This transaction demonstrates that Ex-Im Bank’s strong support of the American aerospace industry increases American competitiveness and supports high-quality American jobs in the process.”

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