Ex-Im Bank Sets New US Business Goal

The Ex-Im Bank has announced a new goal of $2bn in financing for US manufactured business aircraft and helicopters by the end of 2014. The bank reached its previous target of $1bn in support of these exports in December 2013, 10 months ahead of schedule. In 2014 to date, Ex-Im Bank has authorised approximately $740m for exports of business aircraft and helicopters made in the US. The financing also supports sales and jobs of US small businesses in the supply chains of these manufacturers. Ex-Im Bank chairman and president, Fred Hochberg, explains: "Ex-Im Bank has exceeded its goal to increase export financing of US-made business aircraft and helicopters to $1bn by 2014, and we expect to double that amount by the end of the calendar year. "The bank's support is enabling these manufacturers and their workers to create American jobs and meet the growing global demand for their excellent products, particularly in markets where other sources of buyer financing are not readily available."

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