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UTair closes first Ex/Im deal
10 August 2009
Russia’s third largest airline closes its first Ex/Im deal for seven 737-500s in a deal arranged by ING and valued at $43.8 million
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UTair
Russia
737
US Ex/Im Bank
ING
Russia’s third-largest airline UTair has closed its first Ex/Im backed financing in a deal valued at $43.8 million for seven CFM-powered used 737-500s. ING Wholesale, a division of ING Group, is sole arranger of the transaction which is structured as a series of loans guaranteed by the US export credit agency.
The deal closed on August 7 when the...
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