Ex-Im Bank saga creates risk for Boeing jet orders from Ethiopian Airlines
By: Reuters | Oct 08 2015 at 04:24 PM | International Trade
Ethiopian Airlines told Boeing Co that the shutdown of the U.S. Export-Import Bank has triggered concerns about the airline’s ability to take delivery of Boeing jets already ordered, and would force it to reevaluate future orders.
Boeing released a letter from Tewolde GebreMariam, chief executive officer of the airline, saying the airline had 21 aircraft on order that had not been delivered with a total list price of over $2.5 billion.
GebreMariam told Boeing in a letter that the shutdown of the U.S. trade bank at the end of June had put Boeing “at a competitive disadvantage relative to manufacturers in other countries that continue to support their export credit agencies”.