Ex-Im to decide Ryanair and Lion Air financing on 26 July

Source: Flightglobal.com
This story is sourced from Flightglobal.com

Decisions will be taken regarding requests for US Export-Import Bank funding by Ryanair and Lion Air at a 26 July meeting with the export credit agency's board of directors.

Both requests are pending US Congressional review, according to Ex-Im.

BNP Paribas and Citibank are the guaranteed lenders on Ryanair's request for guaranteed financing. The financing would cover Boeing aircraft with CFM International engines, according to Ex-Im.

Ryanair has 11 737-800s on order with five units scheduled for delivery this year and remaining six aircraft in 2013.

No details were provided regarding Lion Air's financing request. The Indonesian airline has 129 737-900ER, 10 737-800 and 201 737 Max aircraft on order, according to Flightglobal's ACAS database.