EXIM advances aviation transactions

The Export-Import Bank of the United States (EXIM) Board of Directors has unanimously approved a 90 percent guarantee of a $500 million facility under the agency’s Supply Chain Finance Guarantee Program. The EXIM guarantee to Citibank would allow it to finance accounts receivable due from Boeing to its US-based suppliers for a term of 12 months. The authorization would support an EXIM-estimated 1,900 aviation-related jobs across the country, including at some of Boeing’s approximately 1,000 eligible suppliers, about half of which are small businesses, as the aircraft supply chain has been negatively impacted by the COVID-19 pandemic. EXIM’s Board voted unanimously last