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...
Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.