EIB Set To Approve Export Financing for Boeing 777 To Philippines

by Shannon Allen

The Export-Import Bank of the United States (“EIB”) issued a notice and requested comment on “an application for final commitment for a long-term loan or financial guarantee in excess of $100 million.”  The obligor is Philippine Airlines, Inc. and the purpose of the transaction is “to support the export of [a] U.S. manufactured commercial aircraft to the Philippines,” specifically, a Boeing 777 aircraft.  The Boeing 777 is to be “used for long-haul passenger air service between the Philippines and destinations in Asia, Canada, and other routes.”

Timely comments concerning export assistance for the Boeing 777 aircraft will be presented to the EIB Board of Directors prior to final action on this transaction.  Information on the final decision will be available in the “Summary Minutes of Meetings of Board of Directors.”  Comments must be received on or before April 8, 2013. 

 

Comments may be submitted through www.regulations.gov. To submit a comment, enter EIB-2013-0020 under the heading “Enter Keyword or ID” to get to the docket page and follow the instructions for submitting a comment.  Make sure you include your name, company name (if any) and EIB-2013-0020 on any attached document. (e.g. posted comment)