Ex-Im Bank Approves $45.5 Million for Brazilian Airline Maintenance by Delta Airlines
May 9, 2013
(Ex-Im Bank)
Ex-Im Financing will support high-quality Delta jobs in Atlanta
WASHINGTON, D.C. — The Export-Import Bank of the United States (Ex-Im Bank)
today approved a Final Commitment for a $45.5 million loan guarantee to VRG
Linhas Aereas S.A. (GOL), a Brazilian airline. The Ex-Im Bank supported
financing will support the export of engine maintenance services by Delta
TechOps (Delta), a subsidiary of Delta Airlines, headquartered in Atlanta,
Georgia. This transaction will support approximately 400 jobs.
GOL engines will be shipped from São Paulo, Brazil to Atlanta for heavy
maintenance to be performed by Delta Air Lines' maintenance, repair, and
overhaul unit. Last April, Ex-Im Bank also approved an $84.8 million loan
guarantee to GOL to support the export of maintenance services by Delta. More
than 50 percent of GOL’s engine maintenance is currently provided by Delta.
“Supporting American service exports is a critical component of what we do here
at Ex-Im Bank, and I am pleased that our financing will help support
high-quality jobs for Delta employees in Atlanta,” said Ex-Im Bank Chairman Fred
P. Hochberg. “American companies provide the best products and services in the
world, and this financing demonstrates how Ex-Im Bank helps level the playing
field for American companies like Delta.”
Ex-Im Bank approved a second final commitment for GOL to support the export of a
Boeing 737-800 aircraft with attached CFM56 engines. It is estimated that this
transaction will support approximately 200 jobs at Boeing and its suppliers
throughout the United States.
Welcome to the Exporting Source
Your one-stop resource for finding help to export to new customers, to learn about government export programs, to join export-promoting trade missions, to sign up for trade conferences and training, and to link to other exporting services. Whether you're an old hand at exporting or just getting started, the Exporting Source provides a place to locate foreign customers, export financing and foreign investment assistance.