LATAM Airlines Seeks $100 Million Loan From Ex-Im Bank to Buy U.S. Planes

LATAM Airlines Group is seeking a final commitment from the U.S. Export-Import Bank for a long-term loan in excess of $100 million, according to a Federal Register notice scheduled to be published April 25 (FR Doc. 2014-09455).

The transaction would support the export of U.S.-manufactured aircraft to Chile. The aircraft would be used for long-haul passenger air service between Chile and destinations throughout the world. Boeing would be the principal supplier of the aircraft, the 787, according to the notice. Also per the notice, the items being exported may be used to produce exports or provide services in competition with ...