Ex-Im Bank loan supports Boeing 777 sale to Russia

Europe

Wednesday, February 13, 2013

The U.S. Export-Import Bank on Tuesday voted to guarantee a loan of more than $500 million provided by Apple Bank for Savings to OJSC VEB Leasing (VEBL) of Moscow for the export of a fleet of Boeing 777 planes to Russia. Boeing delivered the first of the planes earlier this month. VEBL, a subsidiary and leasing arm of the state-owned Vnesheconombank Group, will lease the planes to Aeroflot Russian Airlines. “Russia is an important and growing market ...

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