The Air Line Pilots Association (ALPA) has called for the US Export-Import (Ex-Im) Bank to reject Norwegian Air Shuttle’s (NAS) application for aircraft financing over concerns it would negatively affect US airlines and their workers.
“It appears that the bank has not performed the Congressionally-mandated analysis,” said Tim Canoll, ALPA’s president.
“Without it, we can’t determine the extent of the adverse effect granting Norwegian’s financing request would have on US industry and workers. As a result, the bank must reject this financing request.”
The US Ex-Im Bank has already supported more than $1bn in financing for NAS aircraft, and all of its 787s received US government financing support.
“The Ex-Im Bank’s below-market financing saves foreign airlines millions of dollars in financing costs when purchasing widebody airliners,” said Canoll.
“These foreign airlines then use these US taxpayer-subsidised state-of-the-art aircraft to compete with US airlines in the international marketplace.”
NAS is also pursuing efforts to serve the US via its Irish subsidiary, Norwegian Air International (NAI), which ALPA argues “seeks to avoid tax and employment laws and circumvent international agreements to gain an unfair competitive edge against US airlines”.