Sep
02

Dreamliners for Kenya Said to Be Stalled With Funding Gap

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  • 787s parked outside Boeing’s main factory after deal unravels
  • U.S. financing not an option after bank’s charter expired

Two Boeing Co. 787 Dreamliners for Kenya Airways Ltd. are stranded outside a Seattle-area factory because the financing fell apart and the U.S. Export-Import Bank isn’t available to help bridge the gap, two people familiar with the matter said.

Boeing, Aviation Finance Co. and the African Export-Import Bank are still trying to work out financing with struggling Kenya Airways, said the people, who aren’t authorized to speak publicly. The Dreamliners together list for about $450 million, a price that is typically subject to discounts…

Dreamliners for Kenya Said to Be Stalled With Funding Gap

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