ALPA Slams Widebody Export Credit

The Air Line Pilots Association (ALPA) has urged members of the US House Financial Services Committee to ensure that the US Export-Import Bank (Bank) does not unfairly advantage non-US airlines. “The Bank’s unnecessary financing of widebody aircraft provides state-sponsored foreign airlines, many of which have ample cash reserves and top-tier credit ratings, an annual economic advantage of about $2m per aircraft,” wrote ALPA president Lee Moak in a letter to the committee. Moak called for the abolition of Ex-Im financing for widebody aircraft, a function he believes should be performed by foreign credit agencies.

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