Export-Import Bank of the United States Board of Directors Approves Final Commitment for Aircraft Exports

WASHINGTON – The Export-Import Bank of the United States (EXIM) Board of Directors today unanimously approved a final commitment to guarantee a $304 million loan from JPMorgan to Atlas Air Worldwide Holdings, Inc. to finance aircraft exports. The transaction is expected to support 1,700 U.S. jobs and benefit hundreds of suppliers across the country.

The transaction will support the last-ever deliveries of the Boeing 747 model aircraft to Atlas Air, Inc. for international use.

“I am pleased to continue EXIM’s efforts to support the aviation supply chain,” said EXIM President and Chair Reta Jo Lewis. “Aviation transactions such as this have a far-reaching impact on our nation’s economy, helping to maintain nearly two million good-paying U.S. jobs and reinforcing our dedication to small and medium-sized businesses.”