Ex-Im Bank Must Explain $3.4B Air India Loan, DC Circ. Says

Law360, New York (June 18, 2013, 4:19 PM EDT) -- The D.C. Circuit ruled Tuesday that the Export-Import Bank of the United States didn't properly explain its procedure for measuring whether billions in loans for foreign airlines to buy Boeing Co. jets would harm American competitors like Delta Air Lines Inc.

The court declined to overturn a $3.4 billion loan to Air India that Delta claimed had hurt U.S. carriers, but ordered the bank to more fully explain why it had cleared the deal as unharmful. The Ex-Im Bank lends to foreign companies to drive up...
To view the full article, register now.