Export-Import Bank of the United States announced a proposed transaction to assist in the rebuilding of Ukraine's rail network, and funds to build an electric airplane factory in Vermont.
The rail transaction was announced in the form of a notice of proposed transaction in excess of $100 million, to support the export of U.S.-manufactured locomotives to Ukraine.
The borrower, Wabtec subsidiary GE Transportation is the largest producer of diesel-electric locomotives North America, believed to hold up to a 70% market share of that market [88 FR 80300]
Never one to miss a party, Exim President and Chair Reta Jo Lewis showed up at an event in San Francisco and announced the EXIM Board’s approval of a $169 million dollar loan to BETA Technologies, a Vermont company, which manufactures electric aircraft and charging infrastructure.
The loan is to finance a net-zero Final Assembly Production Facility, and was approved "in part because of BETA Technologies’ high growth potential, including current and potential customers in APEC and IPEF economies," according to the bank's release.
The transaction is the second deal authorized under EXIM’s Make More in America initiative and was reported on last month.
Meanwhile, at the Dubai Air Show last week, Exim flagship client Boeing announced several deals including contracts with Egypt, Ethiopia, (which was the largest-ever purchase of Boeing airplanes in African history), and Jordan.
These deals included the sale of 38 Boeing 737 Max aircraft and 17 Boeing 787 Dreamliner aircraft, with options for more, amounting to approximately $21.2 billion of U.S. export content. It was not announced if Exim financing played a role.