Air China requests Ex-Im loan guarantees for 737 and 777 deliveries

This story is sourced from

Air China has submitted an application with the US Export-Import Bank (Ex-Im) for loan guarantees to cover its Boeing 777 and 737 aircraft deliveries, according to the export credit agency.

Ex-Im indicates a decision on the application is expected after 3 May 2013.

No further details were provided about Air China's financing request.

This year the carrier will be taking delivery of one 737-700 and 22 737-800s, followed by another 16 -800 units in 2014, Flightglobal's Ascend Online database shows. It will also receive four 777-300ER aircraft in 2013, followed by another three deliveries of the type in 2014

China's flag carrier will also receive three Airbus A320, five A321 and six A330 aircraft this year.

In 2014 and 2015, Air China is scheduled to induct 61 and 45 aircraft respectively into its fleet. In 2015, the carrier is also due to take delivery of its first 787.