Delta, Others Sue Ex-Im Bank Over Aircraft Export Financing

Law360, New York (February 14, 2013, 4:02 PM EST) -- Delta Air Lines Inc. and others sued the Export-Import Bank of the United States on Wednesday in Washington, D.C., federal court, alleging the bank's financing of aircraft sales, including those made by The Boeing Co., has effectively given a competitive boost to foreign airlines.

Delta, Hawaiian Airlines Inc. and the Air Line Pilots Association International union filed suit against the Ex-Im bank, saying it has effectively subsidized exports of Boeing aircraft to the detriment of American air carriers.

To compete with foreign airlines benefiting from Ex-Im's...
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