Archive for August 10th, 2010

Ethiopian and the US Export-Import Bank Sign $1.6 Billion Agreement – 10 August, 2010
Ethiopian Airlines and the Export-Import Bank (Ex-Im Bank) of the United States have signed an agreement worth over $1.6 billion to support the financing of five B777-200LR and ten B787-8 aircraft and General Electric spare engines.

At a ceremony held at the 9th African Growth and Opportunity Act (AGOA) Forum in Washington DC on August 02, 2010, the financing documents were signed by Ethiopian Airlines CEO Girma Wake and Ex-Im Bank Chairman and President Fred P. Hochberg. The magnitude of the transaction represents the first of its kind for the support of the African aviation industry. Read the rest of this entry »