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JP Morgan arranges Biman ECA deal

08 August 2011

JP Morgan has arranged ECA-backed aircraft financing for Biman Bangladesh Airlines to support the company’s growth plans.

Read more: JP Morgan US Ex-Im ECA aircraft export credit aircraft Bangladesh Boeing GE engines

JP Morgan has arranged ECA-backed aircraft financing for Biman Bangladesh Airlines to support the company’s growth plans.

The $277 million financing facility to Biman, which is 100% owned by the Government of Bangladesh, will purchase two new Boeing 777-300ER aircraft with GE aircraft to service an expanding domestic and international network of routes.

This is the first aircraft delivery arising from Biman’s 2008 order placed with Boeing for 10 aircraft over the next decade. Guaranteed by...


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