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US Carriers Oppose Exim Loan To Air India  
User currently offlineLAXintl From United States of America, joined May 2000, 25834 posts, RR: 50
Posted (2 years 11 months 3 weeks 7 hours ago) and read 2960 times:

The 17 airline member Air Transport Association has come out against the US Export-Import Bank’s $3.4Bil loan guarantees for Boeing aircraft purchases by Air India.

The ATA claims that Exim incorrectly approved the loan guarantees against established policy that should have disqualified Air India due to its large financial losses and ongoing problems noted in a US audit.


News story:
http://finance.yahoo.com/news/U-S-ca...subsidy-rb-1099704490.html?x=0&l=1


From the desert to the sea, to all of Southern California
3 replies: All unread, jump to last
 
User currently offlineLAXintl From United States of America, joined May 2000, 25834 posts, RR: 50
Reply 1, posted (2 years 11 months 2 weeks 3 days 22 hours ago) and read 2373 times:

The Air Transport Association has now filed suit in Federal court to block the Exim guarantee covering 30 aircraft at Air India.

Airline trade group sues to block loan guarantees for Air India’s Boeing order
http://www.washingtonpost.com/busine...r/2011/11/16/gIQAwzIBSN_story.html

=



From the desert to the sea, to all of Southern California
User currently offlineUnited787 From United States of America, joined May 2005, 2733 posts, RR: 2
Reply 2, posted (2 years 11 months 2 weeks 3 days 20 hours ago) and read 2263 times:

Well, shouldn't the ATA also then try to the block the financing of AA's huge order...I know Air India is in worse shape but AA is in dire condition right now...

User currently offlineLAXintl From United States of America, joined May 2000, 25834 posts, RR: 50
Reply 3, posted (2 years 11 months 2 weeks 3 days 20 hours ago) and read 2221 times:

Exim = US government money

AA = is leasing planes. Manufacturers are financing the aircraft themselves.



From the desert to the sea, to all of Southern California
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