On November 20, Ethiopian Airlines took delivery of its 1st Boeing B777-200LR aircraft, the first of five B777-200LR aircraft being financed by Citi and guaranteed by the US Export-Import Bank (Ex-Im Bank). The four other aircraft are scheduled for delivery in December 2010 and January, April and July next year. Citi was the sole mandated lead arranger of the $75 million Pre-Delivery Payment (PDP) financing, as well as the Post-Delivery financing related to an up to $605 million Ex-Im Bank guaranteed financing and an up to $85 million second lien commercial financing (which is currently in progress). The PDP financing
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