Delta: Ex-Im ruling requires bank to take industry complaints seriously

06/19/2013 | Reuters · SeattlePI.com

A U.S. appeals court allowed the Export-Import Bank to grant loans to Air India, but said the bank should explain its rationale for the loans. "The bank now will be required to take the complaints of industry participants seriously before proceeding with potentially harmful subsidies to foreign airlines," Delta Air Lines said in a statement. Airlines for America said the decision "recognizes that the U.S. Export-Import Bank ... must consider the impact of loan guarantees on U.S. industries and U.S. jobs."

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Reuters · SeattlePI.com

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