Aircraft
Industry: Ex-Im Expiration Puts U.S. Bizav Sales at Risk
Ex-Im has become a major backer of international business and general aviation sales in past three years.

Business aircraft and helicopter manufacturers are concerned about long-term competitive ramifications after Congress permitted the Export-Import Bank’s charter to lapse on June 30.  Congress left town late last week before renewing the bank’s authorization. While the Senate might take up reauthorization when it returns from a break this week, the House still appears to be stalled on the issue. The bank, which is funded through September 30, will continue to operate and process existing loans but is unable to process new loans.


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