Korean Air Ex-Im request covers 777 and 747 deliveries

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

Korean Air has requested US Export Import Bank financing for Boeing 777 and 747 aircraft, according to the export credit agency's notes on the case released today.

The request occurred at a meeting that took place last week at the export credit agency's offices in Washington DC.

The airline is due to take delivery of four widebodies this year and has mandated funding on three units.

Korean Air has mandated BNP Paribas and Citibank to arrange Ex-Im-backed financing for two 777-300ER deliveries. The French bank has been mandated for the February delivery, while the US bank will fund the aircraft due in June.

A 747-8F aircraft has been jointly mandated to Goldman Sachs and Crédit Agricole Corporate and Investment Bank. The 747-8F is expected to be delivered in August.