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US Bank Approves $281 mln Guarantee to Ethiopian Airlines –

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Addis Ababa, December 23, 2020 (Walta) –The Export-Import Bank of the United States (EXIM) approved guarantees of $281 million to Ethiopian Airlines group to acquire new Boeing aircrafts.

According to the bank’s press release, the Board of Directors unanimously approved its first transaction to Ethiopian Airlines Group.

The decision will enable the airline to finance the purchase of Boeing 787-Max aircrafts expected to be delivered by the end of March 2023.

The approval of the guarantee by the EXIM Bank to Ethiopian Airlines is believed to be a positive move to strengthen Ethio-American cooperation for shared prosperity.

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