The Export-Import Bank is "the official export credit agency of the United States." Their mission is to support American jobs by facilitating the export of U.S. goods and services. They fill the gap for American businesses by equipping lenders with the financials necessary to compete for global sales. Thus "increasing the playing field for US goods and services against the overseas markets, so American companies can create more good-paying American jobs." (About Us, n.d.)
So in terms of Boeing, yes, the foreign carriers are making purchases that differ from what the US carriers are offered. All that being said, I feel that the global playing field is overall fair. They were obviously all for it in the beginning and it wasn't until the competition got heated that they started throwing a fit. In the end, the Gulf carriers are still helping out our economy by purchasing aircraft through Boeing.
About Us | EXIM.gov. (n.d.). Retrieved November 6, 2016, from http://www.exim.gov/about/
Open Skies Agreements. (n.d.). Retrieved November 06, 2016, from http://www.state.gov/e/eb/tra/ata/
McCauley, A. (2016, July 27). Victory for Gulf airlines as US government ends Open Skies row with no further action | The National. Retrieved November 06, 2016, from http://www.thenational.ae/business/aviation/victory-for-gulf-airlines-as-us-government-ends-open-skies-row-with-no-further-action
I agree with you that the playing field is as level as it can be. The foreign carriers deals only differ on interest rates. Is the same as if two people buying a car. They both get it for the same price but get different interest rates or even different length of loans.
ReplyDeleteI agree as as well that the playing field is as level as it can be. From Delta's objections I think that it's possible they are worried that it won't continue to be fair. I have to say I'm biased that we should be protecting American companies as much as possible.
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