Ten Ethiopian Boeing B787s Mainly Financed by J.P. Morgan with US Ex-Im Guarantee

 Ten Ethiopian Boeing B787s Mainly Financed by J.P. Morgan with US Ex-Im Guarantee (EthioSports.com, Addis Ababa,17 August 2012) Ethiopian Airlines has secured $1 billion of financing from J.P. Morgan for 10 Boeing B787-8- Dreamliners. The US Ex-Im Bank has provided export credit agency support via guaranteed loans that cover 85% of the total cost of the aircraft. The balance will be financed by a group of financial institutions including ING Capital, the Emerging Africa Infrastructure Fund (EAIF), The Netherlands Development Finance Company (FMO), the ICF Debt Pool LLP (ICF), and from internal cash resources of Ethiopian Airlines.