ICBC seeks Ex-Im funding for 777 aircraft

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ICBC Financial Leasing is seeking a loan-guarantee from the US Export-Import Bank to cover an unspecified number of Boeing 777 aircraft.

A decision on the request is expected after 15 April, says Ex-Im.

Last year, the lessor and Garuda Indonesia signed s a sale and leaseback plan for five Boeing 777-300ER. At the same time, Citlink agreed to lease six Airbus 320-200.

Garuda Indonesia will receive the five Boeing 777-300ER in May 2014 through September 2015, while the six Airbus 320-200 will join the Citilink fleet in June through December 2014.