BoeingCchairman Says ExIm Bank Will Be Reauthorised

The chairman of Boeing has said he believes the US Export-Import Bank (ExIm Bank) – which expired in June – will win reauthorisation from Congress to provide finance to foreign purchasers of US-produced goods.

The chairman of Boeing has said he believes the US Export-Import Bank (ExIm Bank) – which expired in June – will win reauthorisation from Congress to provide finance to foreign purchasers of US-produced goods.

Jim McNerney, who stepped down as the OEM’s president in July, said the reintroduction of the ExIm Bank is “inevitable” after warning more Boeing work would be moved outside of the US should Congress not reauthorise it.

McNerney also said last week’s announcement by Boeing that it intends to open a 737 finishing centre in China was aimed at improving customer service rather than creating jobs in China.

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