The Export-Import Bank of the United States (Ex-Im Bank) is backing bonds issued by Ethiopian Airlines of Addis Ababa to finance the export of four of ten Boeing 787 Dreamliner aircraft to Ethiopia.
Ethiopian Airlines obtained competitive interest rates on its bonds.
“This good news illustrates that the capital markets are yet another funding source available to facilitate U.S. exports and support American jobs,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “We are proud that Ethiopian Airlines, one of our longstanding partners, has benefitted from this new financing program, and we hope that it will be the first of many African buyers of U.S.-manufactured goods and services to do so.”
“The combination of high-quality, high-technology U.S.-manufactured Boeing aircraft, along with Ethiopian Airlines’ business model and management team and Ex-Im Bank-supported financing, is enabling Ethiopian Airlines to successfully connect Africa and its people and products to the world,” added Bob Morin, Ex-Im Bank’s vice president for transportation.