Private Export Funding Corp funds TAAG's Ex-Im deal

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

Private Export Funding Corp, as guaranteed lender, is providing funds towards Angola's TAAG US Export Import financing, which was approved by the US export credit agency last month.

The Boeing aircraft are equipped with General Electric engines, according to the US Export Import Bank's notes on the financing.

HSBC is listed as applicant while TAAG is listed as borrower on the application for US Export support.

In April 2010, TAAG ordered two Boeing 777-300ERs in a deal that includes purchase rights for two additional 777-300ERs