WASHINGTON - The Export-import Bank of the United States said South African Airways has taken possession of a Boeing 747-400 financed through the agency's first South African loan guarantee since the lifting of U.S. sanctions last year.

The agency guaranteed $92.3 million. A 10-year loan was financed by Hill Samuel Bank Ltd. of London, with the agency's guarantee covering 85% of the $106.3 million U.S. export value of the airframe, plus exposure fees. Rolls-Royce engines were covered by Britain's export credit guarantee agency.

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