Somon Air secures export credit financing for one 737-900ER

The Export-Import Bank of the United States (Ex-Im Bank) is providing an $80 million guarantee of the loan from the Private Export Funding Corp. (PEFCO) for one 737-900ER delivered to Tajikistan airline Somon Air. The financing is structured as an asset-backed finance lease secured by first-priority mortgages on the aircraft. “This historic transaction not only supports U.S. manufacturing jobs in both Washington and Ohio but also employment at Boeing’s suppliers across the country, including many small businesses. It also assists Somon Air in the expansion of its fleet,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “This delivery was