13th December 2004
Wednesday, June 19th, 2013
Bank offers to float Boeing bid
The U.S. Export-Import (ExIm) Bank, which grants loans for American exports, is looking to fund a new fleet deal for LOT and develop municipal services.
Linda Mysliwy Conlin, one of the directors of the bank, was eager to emphasize that businesses in this country are valued customers in the U.S.
"We are saying we want to help support business opportunities between the U.S. and Poland," she said. "We understand that access to financing is absolutely critical to make this possible."
Conlin was especially keen to emphasize the bank's relationship with Polish national airline, LOT. "They're a very fine company operating in some very challenging times," said Conlin, "but they've had an excellent track record with the Export-Import Bank."
When it comes time later this month for financially troubled LOT to make the difficult decision on whether to buy Boeing's 7E7 or Airbus' A330, Conlin made it clear whose side the ExIm Bank will be on.
"We are here to say to LOT that we are fully supportive of Boeing's bid for the 7E7. We are prepared to offer very attractive financing that will enable LOT to purchase the aircraft."
Conlin also mentioned that U.S. companies had an interest in providing urban development services to Polish cities, which will soon have plenty of EU structural funds to spend.
"It is our belief that there are opportunities for U.S. companies to be part of these projects, to supplement or compliment the funding that is available through the EU."
From Warsaw Business Journal by Andrew Kureth
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