The Air Transport Association (ATA) is suing the Export-Import Bank of the U.S. (Ex-Im Bank) to stop $3.4 billion in loan guarantees the bank is offering to Air India for the purchase of Boeing aircaft. The suit, filed in U.S. District Court for the District of Columbia, claims the bank is failing in its statutory obligations by offering the loan guarantees. The Ex-Im Bank has approved $1.3 billion in loan guarantees and $2.1 billion in preliminary financing commitments to Air India to ...
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