“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.

They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."
"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)
(Subjects: Who/What is Kryon ?, Egypt Uprising, Iran/Persia Uprising, Peace in Middle East without Israel actively involved, Muhammad, "Conceptual" Youth Revolution, "Conceptual" Managed Business, Internet, Social Media, News Media, Google, Bankers, Global Unity,..... etc.)

Wednesday, April 08, 2009

Boeing customer Lion Air gets financing for 30 jets

Indonesian low-cost carrier Lion Air, which has ordered a whopping 162 of Boeing's newest 737-900ERs, has won approval for more than $1 billion in financing support from the U.S. Export-Import Bank, allaying concerns that it would not find sufficient financing.

Dominic Gates, Seattle Times aerospace reporter

Indonesian low-cost carrier Lion Air, which has a whopping 162 of Boeing's newest 737-900ERs on order, has won approval for more than $1 billion in loan support from the U.S. Export-Import Bank, allaying concerns that it would not find sufficient financing.

Ex-Im Bank's board approved $238 million in financing and made a nonbinding preliminary commitment of a further $841 million if Lion Air formally requests it. The bank said the combined amount will support the deliveries of 30 of the 737-900ERs from Boeing.

Bank spokeswoman Linda Formella said the money could be provided either as a loan guarantee or as a direct loan, depending on Lion Air's requirements.

"Ex-Im Bank welcomes this opportunity to support the export of Boeing aircraft to Lion Air," said Ex-Im vice president of transportation, Robert Morin.

Carol Sexton, Southeast Asia managing director of Boeing Capital, the company's financing unit, said in a statement that the financing would support jobs at Boeing in Washington state, and at engine-maker CFM International in Cincinnati, Ohio, as well as at hundreds of suppliers to both.

Last month at a conference in Phoenix, Ariz., Morin said the Ex-Im Bank sees the global credit crunch creating a big shortfall in airplane financing this year. He said the Bank will accordingly increse its financing in the sector, up from the $4-5 billion typical in recent years to around $8-9 billion in 2009.

The bank's explicit purpose is to support jobs in the U.S. by offering export financing.

"This is game day for the Ex-Im Bank," Morin said in Phoenix.

Lion Air's unfilled Boeing orders are worth more than $13 billion at list prices. Market data from aircraft valuation firm Avitas pegs the true value of those jets, after standard discounts, at more than $8 billion.

Dominic Gates: 206-464-2963 or dgates@seattletimes.com

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