What Happened
US Export-Import Bank Supports Ambitious Aerospace Manufacturing Project
JetZero has identified a potential source of nearly two-thirds of the funding needed for its planned $4.7 billion aircraft manufacturing campus in Greensboro, North Carolina. The US Export-Import Bank has signed a letter of interest to explore providing up to $3 billion in financing support for the factory, where JetZero plans to produce its Z4 blended-wing aircraft. The company expects to invest more than $4.7 billion and create about 14,500 direct jobs over the next decade. This development was first reported by AeroTime.