Originally Posted by
Typhoonpilot
Export-Import Bank more than just the ‘Bank of Boeing’
Posted by Erik Smith
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Last year Boeing accounted for a little over a quarter of the bank’s book of business, though some years it has exceeded 40 percent. Boeing’s position as top beneficiary is easily explained, as airliners are high-dollar items, Boeing is really the only major domestic producer, and there just aren’t a lot of commercial banks clamoring to lend to airlines in sub-Saharan Africa.
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How many of those Boeing airliners are financed for purchase by AMERICAN airlines, and how many of the discount finance deals are given to our FOREIGN competitors?
I don't mind Boeing selling all the airplanes they can build to whoever can buy 'em, but when our foreign competitors are given the advantage of a good financing deal from our federal government, I DO mind.
Maybe good for Boeing, but not so good for the airlines that employ American pilots, or the American pilots they employ.
RHETORICAL QUESTION: Just why AREN'T a lot of commercial banks clamoring to lend to airlines in sub-Saharan Africa?
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