Ex-Im Approves Over $50 Million to Finance Export of U.S. Aircraft to Mexico

The loan will finance the export of a fleet of Sikorsky S-76DTM helicopters to Mexico, and support approximately 450 U.S. jobs, according to bank estimates derived from Departments of Commerce and Labor data and methodology.


“We are very excited that Ex-Im bank trusts ASESA by approving the first S-76D helicopter financing package. We think this important event will mark the beginning of a long lasting relationship between ASESA and Ex-Im Bank for the coming years,” said Humberto Lobo, CEO of Grupo Lomex (parent company of ASESA).

As of the end of FY 2011, Ex-Im Bank’s credit exposure in Mexico amounted to $8.3 billion.

ABOUT EX-IM BANK:

Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.

Ex-Im Bank approved $32.7 billion in total authorizations in FY 2011 – an all-time Ex-Im record. This total includes more than $6 billion directly supporting small-business export sales – also an Ex-Im record. Ex-Im Bank's total authorizations are supporting an estimated $41 billion in U.S. export sales and approximately 290,000 American jobs in communities across the country. For more information, visit www.exim.gov.

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