Airlines Want Ban On $3B Ex-Im Bank Loans To Air India

Law360, Washington (January 6, 2012, 8:31 PM EST) -- The Air Transport Association of America Inc. told a federal judge Friday that a preliminary injunction barring the Export-Import Bank of the U.S. from making $3.4 billion in loans to the financially troubled Air India Ltd. is necessary to prevent major harm to the association's members.

In its November complaint, the industry trade organization, now called Airlines for America, said the bank's decision to approve the loans that would allow Air India to buy 30 Boeing Co. airplanes violates its statutory obligation to consider the creditworthiness...
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