EXPORT CREDIT DEAL FOR COMAIR

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By TESTCustomwebLP TESTCustomwebLP November 12, 2010 10:22

EXPORT CREDIT DEAL FOR COMAIR

The Export-Import Bank of the United States has announced the preliminary commitment to finance the purchase Comair’s purchase of eight Boeing 737-800 aircraft.

Comair is the third South African company to tap Exim export financing to buy US goods or services.

“These transactions are great examples of Ex-Im Bank’s firm commitment to help South Africa meet the country’s infrastructure needs and to support purchases by both small and large companies,” said Fred P Hochberg, chairman and president of Ex-Im Bank.

Erik Venter, joint CEO of Comair Limited, says: “We are thrilled to have secured a preliminary commitment from Exim Bank to back the financing of our new fleet of Boeing 737-800 aircraft.  This provides us with cost-effective financing and increases the attractiveness in the international financing market of funding our fleet acquisition.  Ultimately this will ensure that South Africa maintains world class airline services.”

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By TESTCustomwebLP TESTCustomwebLP November 12, 2010 10:22
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