FROM: U.S. EXPORT-IMPORT BANK
Ex-Im Bank Approves Financing for Sale of American-Made Helicopters for Use in Colombia’s Offshore Oil and Gas Industry
Transaction will support an estimated 200 aerospace-related jobs in Pennsylvania
Washington, D.C. – The Export-Import Bank of the United States (Ex-Im Bank) has approved a $22.4 million loan guarantee to finance the export of U.S.-made AgustaWestland AW139 helicopters to North Pole Investments in Panama for leasing and use in Colombia’s offshore oil and gas industry. The lender is Apple Bank for Savings of New York, N.Y.
According to Ex-Im Bank estimates derived from Departments of Commerce and Labor data and methodology, the Bank’s financing will support an estimated 200 jobs at AgustaWestland’s manufacturing and operations facility in Philadelphia, Pa., and in the company’s U.S. supply chain.
Ex-Im Bank Chairman and President Fred P. Hochberg made the announcement today while participating as a member of the U.S. government delegation to the Summit of the Americas conference being held in Panama City.
“We are pleased to finance the exports of these quality, American-made helicopters because of the jobs in Philadelphia that will be sustained as a result,” said Chairman Hochberg. “This transaction will empower AgustaWestland to continue to grow in Latin America while maintaining good-paying aerospace jobs here at home.”
Ex-Im Bank plans to co-finance this asset-backed transaction with Italy's export-credit agency, Servizi Assicurativi del Commercio Estero, S.p.A. (SACE), which is anticipated to provide a guarantee for a portion of the financing covering foreign content. The majority of the export is the U.S. content, which consists of manufacturing activities, assembly, customization, avionics and instrumentation.
North Pole Investments is an aviation lessor headquartered in Panama City. The company leases aircraft mainly to Helistar S.A.S., a civil charter services operator based in Colombia. The AW139 helicopters being financed will be leased to Helistar and will be deployed for offshore oil and gas crew transport in the Colombian Caribbean continental shelf.
AgustaWestland’s manufacturing and operations facility in Philadelphia employs nearly 600 U.S. aerospace and administrative support workers. In February 2008, the company opened a second AW139 assembly line in Philadelphia to meet the growing demand for its helicopters, particularly in expanding markets in the Western Hemisphere.
The transaction is Ex-Im Bank’s fourth financing of exports of U.S.-made AgustaWestland helicopters to Latin America. In August 2009, the Bank assisted in financing the export of AW139 helicopters to the government of Trinidad and Tobago for use in search and rescue operations. In December 2012 and in July 2013, the Bank approved loan guarantees financing AW139 helicopters for export to Omni Taxi Aéreo to meet its transportation contracts with the oil and gas industry in Brazil.
Showing posts with label HELICOPTER SALES. Show all posts
Showing posts with label HELICOPTER SALES. Show all posts
Monday, April 13, 2015
Tuesday, August 27, 2013
U.S. TO SELL APACHE HELICOPTERS TO INDONESIA
FROM: U.S. DEFENSE DEPARTMENT
Hagel Announces U.S. Deal to Sell Helicopters to Indonesia
By Cheryl Pellerin
American Forces Press Service
JAKARTA, Indonesia, Aug. 26, 2013 - In a first-of-its-kind deal worth about $500 million, the United States has agreed to sell eight new Apache AH-64E attack helicopters and Longbow radars to Indonesia, Defense Secretary Chuck Hagel said here today.
Hagel announced the deal during a joint news conference with Indonesian Defense Minister Purnomo Yusgiantoro after productive meetings this afternoon with Yusgiantoro and earlier today with President Susilo Bambang Yudhoyono.
The secretary is visiting Indonesia as part of an eight-day, four-nation trip that has included a stop in Malaysia and will take him this week to Brunei and the Philippines.
"Providing Indonesia these world-class helicopters is an example of our commitment to help build Indonesia's military capability," Hagel said.
The U.S. military will train Indonesian pilots and help in developing tactics, techniques and procedures for operating in the Southeast Asian security environment, a senior defense official said, adding that details of the delivery and training timeline are being determined.
The agreement represents a significant advance in military capabilities by a key U.S. partner and is the sort of investment the United States believes is prudent to support security in the Asia-Pacific region, the official said.
The new capability "will help Indonesia respond to a range of contingencies, including counterpiracy operations and maritime awareness," he added.
"The United States is committed to working with Southeast Asian nations to grow defense capabilities and deepen military-to-military cooperation with all of our partners," the official said.
During the news conference with Yusgiantoro, Hagel said it has been impressive to watch a democratic Indonesia emerge as one of the most important contributors to peace and prosperity, not only in Asia, but also globally.
"Helping ensure the region's security and prosperity is a goal the United States strongly shares," the secretary said. "The strong and enduring security partnership that has been built between the United States and Indonesia is a relationship the United States greatly values."
Hagel said President Barack Obama looks forward to his October visit to Indonesia and to deepening ties between the two countries.
Progress on security includes increasingly complex exercises between the two militaries, and growing defense, trade and high-level policy engagement, the secretary added.
The two militaries recently launched an initiative to share best practices in defense planning and management to increase Indonesian military capability, Hagel said, and next month the United States and Indonesia will cohost a counterterrorism exercise under the framework of the ASEAN Defense Ministers Meeting-Plus.
ASEAN is the Association of Southeast Asian Nations, whose 10 member states are Burma, Brunei, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Defense ministers from these nations attend the annual ASEAN Defense Ministers Meeting, or ADMM. And the ADMM-Plus is made up of ASEAN members and eight dialogue partners: the United States, China, Japan, South Korea, Australia, India, New Zealand and Russia. This year's ADMM-Plus meeting will be start tomorrow in Brunei.
Hagel said the United States welcomes Indonesia's leadership in promoting regional security cooperation through ASEAN and regional forums such as the East Asia Summit.
"The United States is committed to further strengthening the U.S.-ASEAN relationship and I look forward to meeting with my counterparts this week at the ASEAN Defense Ministers Meeting- Plus in Brunei to address the many security challenges we face in this region," he said.
Developing long-term and enduring solutions to challenges like maritime security, humanitarian assistance, disaster relief, counterterrorism, and the peaceful management of disputes in the South China Sea calls for greater cooperation and respect for rules and norms among all parties and the institutions that underpin them, the secretary noted.
"I am also pleased to be able to announce that the U.S. and Indonesia have pledged mutual support and cooperation on the search and recovery of U.S. personnel missing from World War II," Hagel said.
Several Indonesian ministries have oversight of such requests, including defense, education and culture, and research and technology. All have agreed to process future requests from the Joint POW/MIA Accounting Command, a joint task force within the Defense Department whose mission is to account for Americans listed as prisoners of war, or missing in action, from all past wars and conflicts.
The United States believes that about 1,800 U.S. personnel are still missing in action from World War II in the waters and lands of Indonesia, a senior defense official said, adding that while not all are recoverable, current research indicates that hundreds ultimately may be found and brought home.
"The United States commitment to this effort is important to our personnel serving today," Hagel said, "to make clear that we stand by our pledge to leave no one behind."
Hagel Announces U.S. Deal to Sell Helicopters to Indonesia
By Cheryl Pellerin
American Forces Press Service
JAKARTA, Indonesia, Aug. 26, 2013 - In a first-of-its-kind deal worth about $500 million, the United States has agreed to sell eight new Apache AH-64E attack helicopters and Longbow radars to Indonesia, Defense Secretary Chuck Hagel said here today.
Hagel announced the deal during a joint news conference with Indonesian Defense Minister Purnomo Yusgiantoro after productive meetings this afternoon with Yusgiantoro and earlier today with President Susilo Bambang Yudhoyono.
The secretary is visiting Indonesia as part of an eight-day, four-nation trip that has included a stop in Malaysia and will take him this week to Brunei and the Philippines.
"Providing Indonesia these world-class helicopters is an example of our commitment to help build Indonesia's military capability," Hagel said.
The U.S. military will train Indonesian pilots and help in developing tactics, techniques and procedures for operating in the Southeast Asian security environment, a senior defense official said, adding that details of the delivery and training timeline are being determined.
The agreement represents a significant advance in military capabilities by a key U.S. partner and is the sort of investment the United States believes is prudent to support security in the Asia-Pacific region, the official said.
The new capability "will help Indonesia respond to a range of contingencies, including counterpiracy operations and maritime awareness," he added.
"The United States is committed to working with Southeast Asian nations to grow defense capabilities and deepen military-to-military cooperation with all of our partners," the official said.
During the news conference with Yusgiantoro, Hagel said it has been impressive to watch a democratic Indonesia emerge as one of the most important contributors to peace and prosperity, not only in Asia, but also globally.
"Helping ensure the region's security and prosperity is a goal the United States strongly shares," the secretary said. "The strong and enduring security partnership that has been built between the United States and Indonesia is a relationship the United States greatly values."
Hagel said President Barack Obama looks forward to his October visit to Indonesia and to deepening ties between the two countries.
Progress on security includes increasingly complex exercises between the two militaries, and growing defense, trade and high-level policy engagement, the secretary added.
The two militaries recently launched an initiative to share best practices in defense planning and management to increase Indonesian military capability, Hagel said, and next month the United States and Indonesia will cohost a counterterrorism exercise under the framework of the ASEAN Defense Ministers Meeting-Plus.
ASEAN is the Association of Southeast Asian Nations, whose 10 member states are Burma, Brunei, Cambodia, Indonesia, Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam.
Defense ministers from these nations attend the annual ASEAN Defense Ministers Meeting, or ADMM. And the ADMM-Plus is made up of ASEAN members and eight dialogue partners: the United States, China, Japan, South Korea, Australia, India, New Zealand and Russia. This year's ADMM-Plus meeting will be start tomorrow in Brunei.
Hagel said the United States welcomes Indonesia's leadership in promoting regional security cooperation through ASEAN and regional forums such as the East Asia Summit.
"The United States is committed to further strengthening the U.S.-ASEAN relationship and I look forward to meeting with my counterparts this week at the ASEAN Defense Ministers Meeting- Plus in Brunei to address the many security challenges we face in this region," he said.
Developing long-term and enduring solutions to challenges like maritime security, humanitarian assistance, disaster relief, counterterrorism, and the peaceful management of disputes in the South China Sea calls for greater cooperation and respect for rules and norms among all parties and the institutions that underpin them, the secretary noted.
"I am also pleased to be able to announce that the U.S. and Indonesia have pledged mutual support and cooperation on the search and recovery of U.S. personnel missing from World War II," Hagel said.
Several Indonesian ministries have oversight of such requests, including defense, education and culture, and research and technology. All have agreed to process future requests from the Joint POW/MIA Accounting Command, a joint task force within the Defense Department whose mission is to account for Americans listed as prisoners of war, or missing in action, from all past wars and conflicts.
The United States believes that about 1,800 U.S. personnel are still missing in action from World War II in the waters and lands of Indonesia, a senior defense official said, adding that while not all are recoverable, current research indicates that hundreds ultimately may be found and brought home.
"The United States commitment to this effort is important to our personnel serving today," Hagel said, "to make clear that we stand by our pledge to leave no one behind."
Subscribe to:
Posts (Atom)