Citi

Ethiopian will boost its fleet to more than 150 Agreement reflects Citi’s ability to offer clients complementary banking services and shows strength of global network Ethiopian Airlines, Africa’s largest carrier, today announce a landmark $450 million loan agreement that will finance five new Boeing aircraft: three Boeing 737-8 and two Boeing 777F (Cargo). The loan will be secured against the value of the five planes and has been arranged exclusively by Citi’s Corporate Banking and Export Agency and Finance teams. It is guaranteed by the Export-Import Bank of the United States (EXIM).Ethiopian Airlines is a longstanding client of Citi’s Treasury…