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By Jon Hemmerdinger2021-01-14T13:50:00+00:00
The Export-Import Bank of the United States has agreed to guarantee two financing deals that will provide $125 million to support aerospace work at GE Aviation and Spirit AeroSystems.
One of the deals is intended to inject liquidity into the struggling US aerospace supply chain, while the other will help Australian airline Qantas purchase seven GE engines, says the bank.
GEnx 1b engine
The guarantees will “support” some 500 US jobs and aid the “hard-hit aviation” sector amid the Covid-19 pandemic and associated government travel restrictions, says Ex-Im. Those factors, it adds, have restricted the availability of loans through private lenders.