In a decision that had both sides declaring victory, a federal appeals court on June 18 ruled that the Export-Import Bank’s (Ex-Im) loan guarantees to Air India for the acquisition of 30 Boeing widebody aircraft can stand—at least for now—but also ordered the bank to reconsider the deal’s potential impact on U.S. jobs. “The bank has not reasonably explained its apparent conclusion that loans and loan guarantees to help a foreign company provide a service (as opposed to a good) can never ...


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