Delta supports reform to the Export-Import Bank’s charter to ensure U.S. airlines and our employees are not harmed by U.S. government subsidies to foreign airlines.  Delta’s concerns are specific to the Bank’s continued financing at better-than-market rates of widebody aircraft to airlines that are creditworthy or receive subsidies from their home country.

Any reauthorization of the Bank must, at a minimum, contain reforms to address this issue, as well as provide complete transparency on any financing in which the Bank participates and require it to analyze the benefits and harms of its widebody financings on U.S. airlines and our employees.

Delta stands ready to work with Congress to find solutions that don’t place any job in the U.S. at a disadvantage.

Resources:

Delta responds to Boeing’s misleading, inaccurate statements

Aug. 6 letter to Chairman Jeb Hensarling

Full Hearing: Export-Import Bank Reauthorization (video)

Richard Anderson’s prepared testimony before the House Financial Services Committee

Chart: Ex-Im Subsidies Benefit Foreign Carriers

Photo of Delta employees on the steps of the Capitol

Press Releases and Statements:

GAO Report Illustrates Need for Ex-Im Reform

Delta CEO Richard Anderson testifies on export-import bank reauthorization

U.S. House Committee on Financial Services Hearing, “Examining Reauthorization of the Export-Import Bank: Corporate Necessity or Corporate Welfare?”

ALPA to Congress: Ex-Im Bank’s Financing Threatens U.S. Airline Jobs

ALPA President Capt. Lee Moak’s prepared testimony before the House Financial Services Committee

Delta CEO says better answer needed than Ex-Im Bank (Video)

Delta statement on Ex-Im Bank stories

Delta pilots, flight attendants meet with Congress on Ex-Im Bank