EXIM Board Authorizes Nearly $194 Million Loan Guarantee Supporting Aircraft Exports to Panama’s Copa Airlines
November 4, 2021
(Ex-Im Bank)
WASHINGTON – The Export-Import Bank of the United States (EXIM) Board of
Directors today unanimously approved a final commitment to guarantee an
approximately $194 million loan from Citibank and JPMorgan to Copa Airlines of
Panama to finance the purchase of Boeing 737 MAX 9 aircraft.
With the input of many small and medium-sized business suppliers across the
United States, the aircraft are assembled and exported from The Boeing
Company’s facility in Renton, Washington. The aircraft are powered by engines
manufactured by CFM International in Cincinnati, Ohio. In total, the transaction
is estimated to support 1,100 American jobs.
“By approving this transaction, EXIM is proud to support the more than one
thousand American workers – many of them at small businesses – who
contribute to the extensive aircraft supply chain across the country,” said
Acting EXIM President and Chairman James Burrows. “We remain committed to
helping US companies large and small compete around the world by filling gaps in
private-sector financing.”
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