Ex-Im Bank’s 2012 Aviation Financing Tops $1bn

The US Export-Import Bank (Ex-Im Bank) says it has handed out more than $1bn in support of American-made business aircraft and helicopters since the start of the 2012 financial year. Its last deal, which took the bank to $1bn in financing, was the guarantee of a $300m loan extended by Apple Bank for Savings to Minsheng Financial Leasing Company of Tianjin, China, for the purchase of eight Gulfstream aircraft. "Business aircraft is a great example of a homegrown American industry that is creating jobs in communities across the country, thanks to support from the Export-Import Bank," said Ex-Im Bank’s chairman and president, Fred Hochberg. "Despite an increase in the number of foreign competitors, America's business-jet manufacturers continue to demonstrate the advantages of manufacturing high-technology, high-quality products in the US."

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