Air Finance Journal Copying and distributing are prohibited without permission of the publisher

Ex-Im Bank in court over $1.3 billion guarantee

17 November 2011

The Air Transport Association of America (ATA) has taken Ex-Im Bank to court over a guarantee for Air India's Boeing financing.

Tags: Air Transport Association of America (ATA)  |  Ex-Im Bank  |  Air India

The Air Transport Association of America (ATA) filed a lawsuit yesterday against the Export-Import Bank of the United States (Ex-Im Bank). The trade organisation for US airlines wants to block a US government guarantee for Boeing deliveries to Air India.

Ex-Im Bank recently approved a $1.3 billion aircraft financing guarantee for India's flag carrier. The bank is considering an additional $2.1 billion in loan guarantees to support the purchase of 30 aircraft, including 27 Boeing 787s delivering between 2011 and 2015, ATA says.

The trade organisation for US airlines has sent two letters to Ex-Im this...


Featured deal

AWAS | 04-14 | A/c Sec Loan | 3xA320 13/05/2014
Latest Deal Status Financial close
Overall Arrangers Helaba Bank
Assets A320
Law firm Clifford Chance, Norton Rose

Latest Poll

Do you think export credit should be more expensive?






Upcoming Events