The board of the Export Import Bank of the United States (EXIM) announced the consideration of a long-term loan or financial guarantee in excess of $100 million to Beta Technologies, Inc, a Vermont-based builder of battery-powered aircraft.
Beta is building a plant in Burlington VeT and seeking certification from the FAA of its aircraft and manufacturing processes.
"The financing will enable the production of electric-powered aircraft, a portion of which is expected to be exported," according to EXIM.
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