The US House of Representatives on Thursday passed a five-year bill that will revive the charter of the US Export-Import Bank until September 30, 2019 - but with a lower lending limit and other reforms.
The legislation was expected to be forwarded to the White House for President Barack Obama’s signature before a temporary funding measure expired last Friday.
According to Airwise News, Boeing (ExIm’s biggest beneficiary), and General Electric have warned that the loss of agency support could cause them to move manufacturing jobs out of the US. Also, without its support, Ethiopian Airlines said it doubted it would be able to take delivery of an order for Boeing jets.
