The Export-Import Bank of the United States (Ex-Im Bank) has approved a US$244 million long-term guarantee to support the export by The Boeing Co. of B747-400 aircraft to Thai Airways International Public Company, Ltd. (Thai Airways). The aircraft have installed engines manufactured by General Electric Co., Cincinnati, Ohio.
"We are pleased to support this US export sale, which will help sustain thousands of US jobs at Boeing sub-suppliers across the US while supporting Thai Airways' fleet modernisation," said Ex-Im Bank chairman Philip Merrill.
Ex-Im Bank is guaranteeing a Japanese yen-denominated loan by BNP Paribas, Singapore, equivalent to US$244 million. The transaction is structured as an asset-based financing with the aircraft serving as collateral.
