Reuters logo
U.S. court lets stand Ex-Im Bank loan for Air India
June 18, 2013 / 5:38 PM / 4 years ago

U.S. court lets stand Ex-Im Bank loan for Air India

WASHINGTON, June 18 (Reuters) - A U.S. appeals court on Tuesday let stand a decision by the U.S. Export-Import Bank to finance the sale of 30 Boeing wide-body jets to Air India in a legal challenge brought by Delta Air Lines.

“I am gratified by the court’s recognition that these transactions should not be impeded by litigation,” Fred Hochberg, chairman and president of Ex-Im Bank, said in a statement after the ruling.

However, the court directed the government-run bank to better explain its rationale for the loans, which Delta claimed as a victory in its long-running spat with Ex-Im Bank.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below