Export-Import Bank Reauthorization Passes The Senate | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

** Airborne/NBAA2014 10.20.14 ** HD iPad-Friendly -- Airborne/NBAA2014 10.20.14 **
** Airborne 10.17.14 ** HD iPad-Friendly -- Airborne 10.17.14 **
** Airborne 10.15.14 ** HD iPad-Friendly -- Airborne 10.15.14 **

Thu, May 17, 2012

Export-Import Bank Reauthorization Passes The Senate

Measure Called Critical For GA Manufacturers

GAMA on Tuesday praised the Senate's passage of H.R.2072, Export-Import Bank Reauthorization. The bi-partisan legislation extends the bank’s charter into 2014 and grows its authorized lending cap to $140 billion, an increase over the current $100 billion.

“The Export-Import Bank’s continued lending authority is great news for thousands of general aviation manufacturing workers and businesses of all sizes,” said GAMA’s President and CEO, Pete Bunce (pictured). “Reauthorization ends a period of great uncertainty for our industry’s manufacturers who have come to increasingly rely upon Export-Import Bank financing over the past several years.” 
 
The reauthorization comes immediately after Export-Import Bank President, Fred Hochberg, announced a “new credit process to facilitate and expedite the Bank’s financing for business aircraft and helicopters.” The announcement was made at the European Business Aviation Convention and Exhibition (EBACE) held in Geneva, Switzerland this week.
 
“We appreciate the great bi-partisan efforts in both chambers," Bunce said. "This legislation, coupled with the bank’s own initiatives to facilitate general aviation financing, will certainly assist in the recovery of our industry and protect high-quality manufacturing jobs.”

FMI: www.gama.aero

Advertisement

More News

Klyde Morris (10.20.14)

Klyde Battles The Grammar Psychos!!! FMI: www.klydemorris.com>[...]

Airborne 10.17.14: Enstrom Delivers, Flight School Scandal, NBAA2014

Also: Rare O-46 Rebuild, Valor Unveiled, OK's Anti-Fly-In Airport, FAA Screw-Ups, The first Enstrom Model 480B-G has been delivered to Rick Boswell of New Hampshire with the Garmin>[...]

ANN's Daily Aero-Term (10.20.14): Altostratus

Altostratus This middle cloud genus is composed of water droplets, and sometimes ice crystals, In the mid-latitudes, cloud bases are generally found between 15,000 and 20,000 feet.>[...]

Aero-News: Quote Of The Day (10.20.14)

"I am extremely saddened by the loss of my friend. Peter devoted the last 23 years of his life to this wonderful mission. His faith, dedication, and hard work were something to emu>[...]

AeroSports Update: Sport Performance Aviation Selects Superior XP-320

Superior Air Parts Announces That Sport Performance Aviation Has Selected The XP-320 Engine For The SPA Panther Sport Aircraft Scott Hayes, V.P. Sales and Marketing for Superior Ai>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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