LAXintl
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US Carriers Oppose Exim Loan To Air India

Mon Nov 14, 2011 7:15 am

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
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LAXintl
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RE: US Carriers Oppose Exim Loan To Air India

Thu Nov 17, 2011 4:26 pm

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

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United787
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RE: US Carriers Oppose Exim Loan To Air India

Thu Nov 17, 2011 6:19 pm

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...
 
LAXintl
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RE: US Carriers Oppose Exim Loan To Air India

Thu Nov 17, 2011 6:34 pm

Exim = US government money

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