Foreign airlines are being allowed to lock in loan rates in a new prefunding guarantee program from the Export-Import Bank (Ex-Im Bank) that grants carriers a greater flexibility to manage their fleet acquisitions. Latam Airlines Group—the merged LAN Airlines of Chile and TAM Airlines of Brazil—was first to use the prefunded agreement, applying it to the purchase of two Boeing 767-300ERs with financing from the capital markets through the Export Credit Agency (ECA), says attorney ...
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