Saturday, August 22, 2009

Zawya.com | Export-Import Bank of US set to finalize Egyptair purchase of five Boeing

21 August 2009

WASHINGTON -- The Export-Import Bank of the United States (Ex-Im Bank)Export-Import Bank of the United States (Ex-Im Bank) will host a signing ceremony on Wednesday at Ex-Im Bank headquarters to finalize financing of Egyptairs purchase of five Boeing 737-800s as part of a major fleet renewal, it was announced on Friday.

Ex-Im Bank Chairman and President Fred P. Hochberg; Mohamed Mohamed Hassan, technical advisor to the chairman of Egytair Holding Co.; and Astar Saleh, executive director of JP Morgan Chase Bank will sign the financing documents involving Ex-Im Banks guarantee of a loan from JP Morgan Chase.

Also in attendance will be Egyptian Ambassador to the United States Sameh Shoukry and John Matthews, managing director-Middle East and Africa, Boeing Capital Corp. Ex-Im Bank is the official export-credit agency of the United States.