EDC supports XOJet purchase of Bombardier Challenger jets

Url: 
http://online.wsj.com/article/SB121115569038102311.html?mod=googlenews_wsj
(Wall Street Journal, 19 May 2008) XOJet Inc., a private-aviation company backed by buyout firm TPG, has secured $2.5 billion in new financing, including $400 million from Canada's export credit agency, Export Development Canada, to fund the purchase of Bombardier's Challenger jets. It also plans to launch an international expansion in partnership with Tasameem, the real-estate arm of the Abu Dhabi Investment Authority.