The Board of Directors of the United States Export-Import Bank (EXIM) has approved a financing transaction valued at approximately $297 million covering large-scale aviation exports to Angola. The deal includes the purchase of Boeing 787-10 passenger aircraft and General Electric Aerospace spare engines by Angola’s flag carrier, TAAG Angola Airlines.
Support for 1,400 U.S. Jobs
James Cruse, Acting President and Chairman of EXIM Bank, highlighted the transaction’s contribution to the U.S. economy in a statement:
“This transaction supports approximately 1,400 jobs across the United States. EXIM remains strongly committed to its mission of protecting and increasing employment through exports.”
Cruse also noted that the agreement not only supports U.S. exports and economic security but also contributes to strengthening Angola’s economy.
Broad Impact on the Supply Chain
The aircraft and engines planned to be produced under the agreement will directly affect Boeing and GE Aerospace supply chains operating in various U.S. states. Particularly, employment creation and economic activity are expected in South Carolina and Ohio as a result of this transaction.
