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
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
