Boston, MA 06\/24\/2014 (wallstreetpr) \u2013\u00a0Delta Air Lines, Inc. (NYSE:DAL)<\/b> CEO is anticipated to support the U.S. Export- Import Bank in continuing to provide assistance in selling The Boeing Company (NYSE:BA) jets.<\/p>\n
According to a Wall Street Journal, Delta Air Lines\u2019 Chief Executive Officer and Director Richard H. Anderson may propose that the bank should continue the assisting the sales of Boeing widebody jets. While critics are strongly opposing the bank\u2019s assistance, saying that the bank should expire, Delta\u2019s opinion is favoring quite the opposite. It has been arguing that the bank\u2019s financial aid allows foreign competitors to acquire Boring planes easily.<\/p>\n
Anderson\u2019s Speech<\/b><\/p>\n
The Journal cited a draft of a speech that Anderson plans to use at the Aero Club in Washington, D.C. With his speech, he seeks to bid Delta Air Lines, Inc. (NYSE:DAL)\u00a0to oppose the view of some Republicans and government advocates who favor shutting down of the bank. According to the Journal, Anderson\u2019s speech proposes that the bank goes ahead with its current activities, selling Boeing widebody jets to a restricted number of airlines that do not have enough financial backing. It is believed that Anderson\u2019s opinion is based on the fact that some foreign airlines, including Airbus Group NV (EPA:AIR), have similar support from Europe based export credit agencies. In addition, he also believes that the bank helps create more U.S. based manufacturing job opportunities in the market.<\/p>\n
Strict Scrutiny<\/b><\/p>\n
The U.S. Export- Import Bank is undergoing strict inspection as lawmakers of the country are adamantly arguing in favor of the shutting down of the Bank. The House of Representatives\u2019 recently nominated No.2 Republican also said on Sunday that he opposes the reauthorization of the bank.<\/p>\n
In 2013, The U.S. Export- Import Bank supports as much as $37.4 billion in exports. Considering this, it is anticipated that if the bank retires, companies including Boeing, Caterpillar Inc. (NYSE:CAT)<\/strong>, General Electric Company (NYSE:GE)<\/strong>, will receive a severe blow.<\/p>\n","protected":false},"excerpt":{"rendered":" Boston, MA 06\/24\/2014 (wallstreetpr) \u2013\u00a0Delta Air Lines, Inc. (NYSE:DAL) CEO is anticipated to support the U.S. Export- Import Bank in continuing to provide assistance in […]<\/p>\n","protected":false},"author":32,"featured_media":19692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3011,3286,1665,1390,1459,1664],"stock_ticker":[],"class_list":["post-26818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-caterpillar-inc-nysecat","tag-delta-air-lines-inc-nysedal","tag-general-electric-company-nysege","tag-nysecat","tag-nysedal","tag-nysege","entry"],"acf":[],"yoast_head":"\n