US Ex-Im Bank: almost 27 billion dollars of loans and guarantees in 2012 for aircraft purchases
Washington, USA - The figures confirm the growth of Asia Pacific region
(WAPA) - Ex-Im Bank, the official export credit agency of the United States federal government, communicated the final balance of loans and long-term guarantee authorisations granted during fiscal year 2012 to aviation related companies: most of the operations involve aircraft purchases, mainly from Boeing.
Analyzing the figures which have been provided, it is possible to verify that the strong growth in this sector of the Asia-Pacific region is confirmed also by the results of the US agency: the companies of that area totaled almost 3.6 billion dollars in loans and long-term guarantee authorizations. Among the companies involved, 1.07 billion dollars in guarantees granted to Cathay Pacific Airways show up, as well as 830.2 million dollars obtained by Air China. The total also includes 17.7 million dollars granted to Lion Air for a contract with Hawker Beechcraft.
The operation which involved Cathay Pacific was the largest among worldwide companies during 2012, followed by the guarantees fro 1.069 billion dollars obtained by LAN Airlines.
In Europe the main "Customer" for Ex-Im Bank was Ryanair, which obtained two guarantees for the purchase of commercial aircraft with an overall value of almost 700 million dollars. The US agency supported significant investment in the Middle East, another area with a very strong growth in the sector: overall Emirates and Etihad Airways received guarantees for 615.9 and 593 million dollars respectively.
The Export-Import Bank of the United States (Ex-Im Bank) was created in 1934 to create and sustain US jobs by financing sales of American exports to international buyers. (Avionews)