Ex-Im Bank authorizes $130 Million for Ethiopian Airlines

The Export-Import Bank of the United States (Ex-Im Bank) has authorized nearly $130 million in financing to support the export of Boeing long-range aircraft and installed GE-90 engines to Ethiopian Airlines.

The transaction will support an estimated 700 American jobs in the aircraft and aircraft-engine manufacturing industry, according to an Ex-Im Bank estimate derived from U.S. Departments of Commerce and Labor data and methodology.

Ex-Im Bank Chairman Fred P. Hochberg announced the transaction today in Addis Ababa. Hochberg is in Ethiopia conducting meetings with government and business leaders as part of a week-long business development trip to India, Ethiopia and South Africa.

“Ex-Im Bank is pleased to add another transaction in our successful partnership with Ethiopian Airlines, which is supporting hundreds of jobs in the U.S. aerospace industry. This transaction also demonstrates the tremendous potential of Africa for U.S. exporters,” said Ex-Im Bank Chairman Fred P. Hochberg. “Our financing of high-quality, ‘Made in the USA’ aircraft and engines is also helping Ethiopian Airlines continue to expand its service throughout Africa and beyond the continent.”