Korean Air seeking $474m Ex-Im approval for longhaul aircraft

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

Korean Air is awaiting US Export-Import Bank approval for financing support totalling $474 million for its Boeing 777 and 747 deliveries.

The three separate requests for funding total $150 million, $174 million and $150 million each, according to Ex-Im's minutes from a 19 February meeting.

In a January filing with Ex-Im, Korean Air indicated the financing would cover an unspecified number of Boeing 777 and 747 aircraft.

This year Korean Air will receive one 747-8F, one 777-200LRF and one 777-300ER, Flightglobal's Ascend Online database shows.

Last week BNP Paribas closed a $149 million Ex-Im-guaranteed prefunded bond for the carrier.

KE Export Leasing (2013-A) is refinancing the Boeing 777F (MSN 37640), which is scheduled to be delivered to the Korean carrier this week.