Turkish airline gains Ex-Im financing for B737s
SunExpress, an airline based in Antalya, Turkey, is using financing from the U.S. Export-Import Bank for the purchase of several Boeing 737-800 planes with engines manufactured by CFM International.
Ex-Im Bank is guaranteeing about $220 million of financing provided by Toronto-Dominion Bank of Mount Laurel, N.J. The transaction is Ex-Im Bank's first for SunExpress, which was created as a joint venture between Turkish Airlines and Lufthansa in 1989.
'Ex-Im Bank is pleased to support SunExpress' fleet expansion with B737-800 aircraft,' said Fred P. Hochberg, Ex-Im Bank chairman and president, in a statement. 'This transaction will help maintain jobs at Boeing and CFM and their suppliers across the country. We want to assist more U.S. exporters in this key emerging market.'
Turkish airline gains Ex-Im financing for B737s
