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AC Applying To US Export/Import Bank?  
User currently offlineBmacleod From Canada, joined Aug 2001, 1634 posts, RR: 0
Posted (3 years 6 months 2 weeks 6 days 20 hours ago) and read 351 times:

I heard that AC plans to apply to the US Export/Import Bank for most of funding needed for its big Boeing deal. Exactly what is the Export/Import bank and how does it work?


The engine is the heart of an airplane, but the pilot is its soul.
3 replies: All unread, jump to last
 
User currently offlineUSAF336TFS From United States, joined Apr 2005, 1197 posts, RR: 38
Reply 1, posted (3 years 6 months 2 weeks 6 days 20 hours ago) and read 308 times:

That is true. The Import/Export bank does exactly what it's name implies. Companies can getting funding for purchases of American products. Usually large captial goods, such as aircraft.


336th Tactical Fighter Squadron, 4th Fighter Wing, Seymour Johnson AFB
User currently offlineBmacleod From Canada, joined Aug 2001, 1634 posts, RR: 0
Reply 2, posted (3 years 6 months 2 weeks 6 days 19 hours ago) and read 273 times:

Quoting USAF336TFS (Reply 1):
Companies can getting funding for purchases of American products.

OK. But surely they would want something in return for giving out $6B or so. ACs 340/330 fleet perhaps? Or isn't Boeing purchasing those from AC?


The engine is the heart of an airplane, but the pilot is its soul.
User currently offlineCXYYZ From , joined Dec 1969, posts, RR:
Reply 3, posted (3 years 6 months 2 weeks 6 days 15 hours ago) and read 165 times:

Quoting Bmacleod (Reply 2):
OK. But surely they would want something in return for giving out $6B or so. ACs 340/330 fleet perhaps? Or isn't Boeing purchasing those from AC?

The Export/Import bank is something along the lines of Export Development Canada. It provides and/or backs loans to buyers of American goods. It isn't simply giving the money to AC as such, and they would expect to be repaid.
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