Ex-Im Bank guarantees $500 million loan to LOT Airlines

Equipment

Tuesday, November 20, 2012

The U.S. Export-Import Bank has authorized a comprehensive guarantee on a $500 million loan to Polskie Linie Lotnicze LOT S.A. (LOT Airlines) for the export of a fleet of Boeing 787 Dreamliner planes to Poland. Apple Bank for Savings of New York extended the loan. Nippon Export and Investment Insurance of Japan is also co-financing the transaction. Boeing delivered the first 787 to LOT on Nov. 9 in Everett, Wash. LOT is the first European airline to operate the Dreamli...

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