13 Oktober 2015

[131015.EN.BIZ] US Ex-Im Bank Closure Puts Boeing Orders From Ethiopian Airlines At Risk

ETHIOPIAN Airlines told US planemaker Boeing that the shutdown of the US Export-Import Bank has triggered concerns about the airline's ability to take delivery of Boeing jets already ordered.

Given this, the airline would have to re-evaluate future orders, according to a letter Boeing released from Tewolde GebreMariam, the airline's CEO.

Mr GebreMariam said the airline had 21 aircraft on order that had not been delivered with a total list price of over US$2.5 billion.

He told Boeing in a letter that the shutdown of the US trade bank at the end of June had put Boeing "at a competitive disadvantage relative to manufacturers in other countries that continue to support their export credit agencies".

Source : HKSG.

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