ANNOUNCEMENT 19 Mar 2018

In March 2018, the U.S. Exim bank provided a loan guarantee to General Electric Aviation.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

USAspending.gov. Award profile. Summary.
https://www.usaspending.gov/award/ASST_NON_08089215XXAA01_8300

EXIM Bank of the United States. Data. Authorizations From 10/01/2006 Thru 12/31/2020.
https://data.exim.gov/dataset/Authorizations-From-10-01-2006-Thru-12-31-2020/vbhv-d8am/
with deal.number = AP089215XX
unique_identifier = 08089215XXAA01

Export-Import Bank of the United States (EXIM), Export Finance Solutions for U.S. Businesses. Retrieved 23/07/2021. Available at:
https://www.exim.gov/sites/default/files/managed-documents/MKG-EOV-6_agency_brochure_04DEC2020c.pdf

Inception date: 19 Mar 2018 | Removal date: open ended

Loan guarantee

On 19 March 2018, the Export-Import Bank of the United States (EXIM) provided a loan guarantee to Atlas Air, Inc. The total value of the transaction was USD 10.4 million. According to EXIM, the finance will support the purchase of products or services classified by the bank under the category 'Aircraft'.

According to the bank its mission is to provide trade finance 'in cases where the private sector is unable or unwilling to provide financing or when such support is necessary to level the playing field due to financing provided by foreign governments to their exporters that compete with U.S. exporters'.

EXIM is the export credit agency of the United States that provides competitive financing to businesses to facilitate the export of U.S. goods and services to foreign buyers. EXIM provides direct loans, loan guarantees, export credit insurance, and guarantees of working capital loans to help businesses compete in foreign markets.

AFFECTED SECTORS