ATA files suit to halt Air India 787 financing deal

Posted 17/11/2011

The Air Transport Assn. of America (ATA) filed suit Wednesday against the Export-Import Bank of the United States (Ex-Im Bank) to halt a pending deal for $3.4 billion in loan guarantees for aircraft financing to Air India (AI), saying that it fails to meet statutory requirements, including consideration of the impact on the US airline industry and airline jobs.

Originally published 16 Nov 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/wOOzr3b_Rq4/ata-files-suit-halt-air-india-787-financing-deal-1116

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