Export financing could boost bizav deals
The U.S.

The U.S. government’s main export finance agency is looking to be more active in supporting business aircraft transactions. “The ExIm Bank is often called The Bank of Boeing, but I want to see it called The Bank of Wichita,” said Bob Morin, vice president of the transportation division with the Export-Import Bank of the U.S.

Speaking at the Corporate Jet & Helicopter Finance conference in London on February 17, Morin said that his bank’s primary goal is to support U.S. exports and, by extension, U.S. aircraft-building jobs. He made it clear that the ExIm Bank is quite willing to back deals made by foreign manufacturers that support factories in the U.S., such as Europe’s Dassault Aviation and AgustaWestland, which both have aircraft partially built or completed in the U.S.