The Export-Import Bank of the United States (EXIM) has received an application for a long-term loan or financial guarantee exceeding $100 million to support the export of U.S.-manufactured Boeing commercial aircraft to Azerbaijan. The intended use of these aircraft is to provide air cargo transport services. The principal supplier is The Boeing Company, and the obligor is Silk Way West Airlines LLC, with guarantors being Silk Way Development LLC, Silk Way Holding LLC, and Silk Way Airlines LLC. Public comments on this transaction are open until February 7, 2025, and the outcome will be shared on EXIM's website.
Simple Explanation
The U.S. Export-Import Bank is thinking about giving a lot of money, more than $100 million, to help send American-made planes to a company in Azerbaijan. The planes, which come from Boeing, will be used to carry things from one place to another, like big flying trucks.