Ex-Im Backs EL AL With $190m Financing

El Al Israel Airlines has secured more than $190m in financing backed by the US Export-Import Bank (Ex-Im Bank). The money will be used to purchase 737-900ER aircraft and will support 1,300 US jobs, according to Boeing, which announced the deal during US President Obama's visit to Israel. “This transaction will help ensure that El Al has a modern and efficient fleet that can meet the growing demands of their customer base," said Ex-Im Bank's chairman, Fred Hochberg. EX-IM's partnership with El Al dates back to 1960. The airline's CFO praised the bank’s "professionalism, patience and creativity" in closing the deal.

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