in Business & Finance

Ex-Im on the road to reauthorisation

Posted 29 October 2015 · Add Comment

The US Export-Import Bank (Ex-Im), a vital part in the financing of aircraft and other assets in Africa and the Middle East, has been reauthorised by the US House of Representatives.

The export credit agency passed the legislative body earlier this week with 313 votes in favour, and only 118 against.
 
Both Democrats and Republicans supported the bill, but legislators were only allowed to vote after supporters enforced the vote, as opponents had blocked a vote on reauthorisation.
 
The US Senate is still to vote on the reauthorisation, before it can be moved to President Barack Obama, although support for the reauthorisation is expected.
 
Ex-Im has been able to process new application and continues to honour all deals approved prior to the expiration.  
* required field

Post a comment

Other Stories
Advertisement
Latest News

Boeing Helena site expands to support 777X aircraft production

Boeing employees and community members have commemorated the 90,000 square-foot expansion of Boeing Helena to support 777X airplane production.

Congo Airways revises fleet expansion plans

Congo Airways is considering both Airbus and Boeing products for its narrow-body fleet expansion plans the carrier's Chief Executive Officer Desire Balazire has disclosed, reports ch-aviation.

Embraer appoints CCO for Executive Jets business unit

Embraer has appointed Stephen Friedrich as Chief Commercial Officer for the Company's executive aviation business unit, effective immediately.

Flying Colours appoints Trevor Knox as director of maintenance

Flying Colours, the North American maintenance, refurbishment and completions company that does business in Africa, has confirmed the appointment of Trevor Knox as Director of Maintenance. Knox, who takes up the position with

Lagos slumps as travel to Africa displays double-digit growth

An analysis of seat capacity for travel to the top ten international airports in Africa, produced by ForwardKeys, reveals that Lagos is seeing substantial declines in both domestic and international capacity, mainly because Arik Air

FlightSafety Academy introduces Growth and Achievement Programme for new students

FlightSafety International, that has a Learning Centre in South Africa, has announced a new Integrated Growth and Achievement Preparation Programme for students entering the FlightSafety Academy in Vero Beach, Florida.

AfBAC Expo SK2017
See us at
Aviation Africa BT18418GroundHandling BT0303280917AfBAC Expo BT2017Global Aerospace BT28218ACI Africa BT77181017