US Ex-Im approves AWAS and FlyDubai 737 deals

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The US Export Import Bank approved export financing for four Boeing 737-800s for FlyDubai and AWAS today.

Fred Hochberg, chairman and president of the export credit agency, confirms the board approval of the deals, in a tweet today.

The export financing totals more than $100 million for each aircraft, according to notices in the US Federal Register.

Ireland-based AWAS has one delivery scheduled for the rest of 2012, according to Flightglobal's Ascend Online database. The 737-800 (MSN 39427) will be delivered in October and leased to India's SpiceJet.

The lessor has four 737-800 deliveries scheduled for the first quarter of 2013, according to Ascend. These include two for SpiceJet in January (39432) and February (39428), and two to AWAS in February (40279) and March (39431).

United Arab Emirates-based FlyDubai has three 737-800 deliveries scheduled in the fourth quarter, according to Ascend. Aircraft registered A6-FEB (40255) and A6-FEC (40256) will be delivered in October and A6-FED (40257) in November.

AWAS closed a $360 million over-subscribed secured term loan in July. The six-year loan will be used to refinance nine aircraft and finance the purchase of four new aircraft that were scheduled to be delivered between closing and the end of the year.

FlyDubai closed an eight-year sale-leaseback with Pembroke Group for two 737-800s in August.