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USA-South Korea agreement for financing of cargo aircraft

Washington, USA - Ex-Im Bank will be able to provide loan guarantees for up to 85% of the cost

On Tuesday 26 February 2013 the Export-Import Bank of the United States (Ex-Im Bank) and the Export-Import Bank of Korea (KEXIM) signed a joint financing framework agreement for US-manufactured cargo aircraft that will make it easier for South Korea's airline companies to finance and purchase such aircraft. Under the agreement, Ex-Im Bank can provide loan guarantees for up to 85 percent of the...

AVIONEWS - World Aeronautical Press Agency - 1150101

AVIONEWS - World Aeronautical Press Agency
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