GAMA Urges Swift Action On Export-Import Bank Reauthorization | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne/NBAA2014 10.22.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.22.14 **
** Airborne/NBAA2014 10.21.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.21.14 **
** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **

Tue, May 08, 2012

GAMA Urges Swift Action On Export-Import Bank Reauthorization

Institution Is Important To The Aviation Manufacturing Sector

GAMA hailed the bipartisan agreement between Majority Leader Eric Cantor and Minority Whip Steny Hoyer to end an impasse over the reauthorization of the Export-Import Bank.  The agreement extends the bank’s charter for three years and increases its lending authority to $140 billion.

The General Aviation Manufacturers Association (GAMA) has supported the bank’s reauthorization because this lending is vital to the industry’s ability to grow and maintain exports as general aviation manufacturing recovers from the economic downturn.  Additionally, the exports generated are key for job creation and for the Obama Administration's efforts to double exports by the end of 2014.

“General aviation jobs will be put in jeopardy if the Export-Import Bank is not reauthorized,” said Pete Bunce, GAMA’s president and CEO.  “Furthermore, general aviation manufacturing is one of the few remaining industries that contributes positively to the U.S. balance of trade.  Our member companies have dramatially increased their use of Export-Import Bank financing over the past several years.  Continued lending authority is essential to the success of general aviation manufacturing to compete globally."

The Export-Import Bank’s charter lapses on May 31 and is expected to reach its current lending limit by the end of May, if not earlier.
“We appreciate the bi-partisan effort in the House to move this legislation and we urge every House member to support it.  We also call on the Senate to act quickly in order to avoid any lending disruption,” added Bunce.

FMI: www.gama.aero

Advertisement

More News

Airborne at NBAA-10.22.14: Legacy 500, Universal InSight, BendixKing AeroWave

Also: GE Honda, Sagem's Active SideStick, Syberjet Update, Techno Aerospace Knows How to Party The FAA handed over certification papers for Embraer's Legacy 500 executive jet durin>[...]

ANN's Daily Aero-Linx (10.24.14)

Homebuilt Homepage: Clubs And Newsletters This page lists Homebuilt related Clubs and Newsletters.>[...]

ANN's Daily Aero-Term (10.24.14): Phase Separation – Aviation Fuel

Phase separation is when a combined liquid separates into two different liquids and may occur when autogas is used for aviation fuel.>[...]

Aero-News: Quote Of The Day (10.24.14)

“I’m excited and humbled by the trust that the ALPA Board of Directors has placed in me with this election.” Source: ALPA President-Elect Tim Canoll.>[...]

ANN FAQ: Q&A 101

A Few Questions AND Answers To Help You Get MORE Out of ANN!>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2014 Web Development & Design by Pauli Systems, LC