The final commitments approved by Ex-Im Bank will support the export to AeromÃƒÂ©xico of Boeing 737 passenger aircraft, as well as various goods and services to be provided by a variety of U.S. exporters. The latter includes the maintenance, repair and overhaul operations division of engines and auxiliary power units by Delta TechOps in Atlanta, and Honeywell in Phoenix.
"Ex-Im Bank's support of Grupo AeromÃƒÂ©xico has been vitally important and played a key role in our fleet renewal process that we started a decade ago," said AndrÃƒÂ©s Conesa, CEO of AeromÃƒÂ©xico.
In order to provide AeromÃƒÂ©xico with a natural currency hedge, the final commitments are structured as Mexican Peso denominated Ex-Im Bank guaranteed loans. The guaranteed lenders will be Banco Nacional de MÃƒÂ©xico (a fully-owned subsidiary of Citibank) and HSBC.
Source: Export-Import Bank
Timely, incisive articles delivered directly to your inbox.