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Sultanate of Oman signs Cape Town Convention in time for Ex-Im discount
01 April 2005
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airline
Airlines
Sultanate of Oman
Oman Air
The Sultanate of Oman ratified the Cape Town Treaty four days before a delivery to Oman Air, allowing its flag carrier to benefit from a US Ex-Im Bank discount.
Standard Chartered closed the $40 million Ex-Im Bank-backed loan, which finances a 737-800. The aircraft was delivered on March 25.
Ex-Im cut its exposure fee by a third, saving Oman Air several hundred thousand...
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