Garuda Receives Ex-Im Financing for 737s
Garuda received approval for $281 million in financing from the U.S. Export-Import Bank for 11 Boeing 737s that the carrier had been leasing for $346 million. The airline signed a deal to purchase 17 Boeing aircraft in 1996, and took six 737s in 1997 and five in 1998. When the economic crisis hit...
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