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 Unlimited -- Recent Daily Episodes

Episode Date

Monday

Tuesday

Wednesday

Thursday

Friday

Airborne On ANN

Airborne 02.01.16

Airborne 02.02.16

Airborne 02.03.16

Airborne 02.04.16

Airborne 02.05.16

Airborne Hi-Def On YouTube

Airborne 02.01.16

Airborne 02.02.16

Airborne 02.03.16

Airborne 02.04.16

Airborne 02.05.16

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

Airborne 02.05.16: Collier Trophy Noms, NJ Homeowner Nonsense, Flight Design USA

Also: A-10 Survives, The Essential Aero-Community, Miami Seaplanes, ERAU WACO, Jeppesen Leadership, ADS-B Kickstarter, Guilty Non-Pilot The National Aeronautic Association announce>[...]

P-51 'Big Beautiful Doll' Down In Arizona, Jeff Pino Lost

Pilot, Jeff Pino, Fatally Injured In The Accident ANN RealTime Update -- 020516, 2114 ET: ANN is aggrieved to confirm that the aircraft involved in this tragedy was none other than>[...]

Airborne 02.04.16: ATC Privatization Fears Mount, PK Floats, IFD440 Update

Also: RIP Roger Boisjoly, Let Bob Fly, 1st Legacy 500, AZ Sales Tax Exemption, Hartzell 5-Blades, Air Transat, Pro Line Fusion Transportation and Infrastructure Committee Chairman >[...]

Airborne 02.05.16: Collier Trophy Noms, NJ Homeowner Nonsense, Flight Design USA

Also: A-10 Survives, The Essential Aero-Community, Miami Seaplanes, ERAU WACO, Jeppesen Leadership, ADS-B Kickstarter, Guilty Non-Pilot The National Aeronautic Association announce>[...]

A Personal Note From ANN's Jim Campbell to the ANN/Airborne/Aero-TV Family

Hi Folks... I thought a personal note might be just the way to start a process with you all that should result in something quite extraordinary. Life is INSANE here at ANN HQ... wh>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2016 Web Development & Design by Pauli Systems, LC