The Export-Import Bank of the United States has approved the long term financing of seven Boeing 737-800 aircraft for Norwegian Air Shuttle and committed to support the purchase of up to 20 more aircraft.

The low-cost carrier says in a statement it "has mandated US lender, Private Export Funding Corporation (PEFCO), supported by the Export-Import Bank of the United States (EXIM), to provide term loan financing for the first seven."

The aircraft are the first of a 42-aircraft order Norwegian Air Shuttle placed with Boeing in August 2007.

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Source: Commercial Aviation Online