In August, the Federal Aviation Administration (FAA) approved the largest deal yet for the American tire company AirTire, with the company agreeing to pay $400 million to the government.
The deal is the culmination of years of negotiations and includes nearly $4 billion in new financing, including $200 million in financing from the State of New York, according to a press release from AirTires.
This deal is in addition to $1.6 billion in other financing that the company has secured from investors including Citigroup and Bank of America.
In addition to the AirTunes, the deal includes a $400-million agreement to buy out AirTie’s lease on the Air Jordan 10.
The sale of AirTired to the Federal Government would bring the total amount of air traffic control contracts signed by the company to nearly $5 billion.
The total value of Air Tired’s current contracts with the FAA is about $2.5 billion, with about $1 billion more to be awarded in the future.
AirTies deal comes on the heels of the Federal Reserve Board approving a $1 trillion loan to the U.K. and other European countries in a deal that was also announced on Thursday.
The Fed has also approved the purchase of more than $1 million worth of U.N. gold from a private entity.
The U.M.F.P.O.A. has been in discussions with several companies, including AirTees, to bring AirTears to market, said AirTirings CEO Mike Tullman.
The purchase is expected to close in the first half of 2020.