Letter: Delta opposes Ex-Im Bank financing for foreign airlines

05/9/2013 | Forbes

Richard B. Hirst, executive vice president and chief legal officer of Delta Air Lines, wrote a letter to the editor of Forbes magazine. Hirst clarified that Delta does not oppose the Export-Import Bank's existence, but does oppose its practice of financing aircraft for foreign airlines. "Our opposition is limited to the Bank's financing of widebody aircraft sales to foreign airlines which are owned or subsidized by their governments, or which otherwise could finance these aircraft in the private market," Hirst wrote.

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