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Capital & Insurance
Monday, 19/05/2012, 17:57:03 PM
Ex-Im Bank financing arranged for SunExpress, Copa 737-800s
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US Export-Import Bank and Turkish airline SunExpress reached a $220 million financing deal to support the carriers purchase of "several" CFM56-powered 737-800s. It will be the airlines first collaboration with Ex-Im.

Separately, Copa Holdings said it has mandated Citibank to arrange Ex-Im guaranteed funding for five 737-800s. The facility totals $185 million and includes 12-year financing terms. Ex-Im has approved financing for two aircraft that will be delivered this month and has offered a preliminary commitment for the remaining three, which will be delivered later this year.

Source: Air Transport World

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