ALPA Urges Ex-Lm To Ease Widebody Financing

The Air Line Pilots Association (ALPA) has urged the US Senate to impose tighter rules on the US Export-Import (Ex-Im) Bank’s financing of widebody aircraft to foreign carriers. ALPA sent its plea in a letter to Senate banking committee chairman Tim Johnson, which was sent prior to a hearing on the reauthorisation of the Ex-Im Bank. In the letter, ALPA asked congress to “ensure that it [the Ex-Im Bank] indeed acts to substantially reduce — with the ultimate goal of ending — financing for widebody aircraft across the board”, as was agreed under the 2012 Reauthorisation Act. ALPA argues that the bank’s loans to foreigners wishing to buy widebody aircraft has led to job losses in the US aviation industry and that the bank “disregards the downstream negative impact of its loans on aviation workers and our industry”.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish