bmacleod
Posts: 2826
Joined: Sat Aug 25, 2001 3:10 am

AC Applying To US Export/Import Bank?

Mon May 16, 2005 11:24 pm

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?
"What good are wings without the courage to fly?" - Atticus
 
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USAF336TFS
Posts: 1360
Joined: Tue Apr 26, 2005 11:05 pm

RE: AC Applying To US Export/Import Bank?

Mon May 16, 2005 11:59 pm

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.
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bmacleod
Posts: 2826
Joined: Sat Aug 25, 2001 3:10 am

RE: AC Applying To US Export/Import Bank?

Tue May 17, 2005 12:38 am

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?
"What good are wings without the courage to fly?" - Atticus
 
CXYYZ
Posts: 177
Joined: Sun Mar 20, 2005 4:36 pm

RE: AC Applying To US Export/Import Bank?

Tue May 17, 2005 4:30 am

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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