Delta Asks DC Circ. To Shut Down $3.4B Air India Loan

Law360, Washington (May 14, 2013, 7:03 PM EDT) -- Delta Air Lines Inc. on Tuesday urged the D.C. Circuit to revoke $3.4 billion in loans guaranteed by the Export-Import Bank of the U.S. that allow Air India Ltd. to purchase 30 planes, saying the bank ignored the effects of the added route competition on U.S. airlines.

Although six of the 30 Boeing Co. planes have already been delivered, Delta, the Air Transport Association of America Inc. and Air Line Pilots Association International pushed the D.C. Circuit to cancel the remainder of the loans to save...
To view the full article, register now.