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US Ex-Im celebrates Air India deal

29 January 2010

JPMorgan, the Export-Import Bank of the United States and the National Aviation Company of India (Air India) are celebrating the close of a jumbo US EX-Im backed financing to supply Boeing aircraft to Air India.

Read more: [JPMorgan] [air financing] [ the Export-Import Bank of the United States and the National Aviation Company of India] [sovereign payment guarantees aircraft financing]

JPMorgan, the Export-Import Bank of the United States (US Ex-Im) and the National Aviation Company of India (Air India) have held a signing ceremony to celebrate the $1.1 billion of US EX-Im backed financing to supply Boeing aircraft to Air India.

The financing will support the sale of Boeing B777-200LRs and B777-300ERs to be operated by Air India and B737-800s to be operated by Air India Charters Ltd. These purchases represent the third phase of Air India's 68-aircraft fleet...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010