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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.
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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...
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