Asked my brother in law, who is a financial analyst at Boeing, what is the deal with the ex-im bank. He said that these funds are for financing Boeing customers from smaller airlines/countries who if faced with the normal interest rates wouldn’t be able to buy the planes at all due to the cost + interest. So the result is the low interest loans enable the sale of jets - thus creating the jobs, etc. to produce them.
FYI
airlines/countries who if faced with the normal interest rates wouldn’t be able to buy the planes at all due to the cost + interest
Then those buyers should lease instead. American taxpayers don’t need to be subsidizing Namibia Airlines or whomever. The US is 20 Trillion in debt and still acting liking Uncle Sugar. It has to stop now.
Asked my brother in law, who is a financial analyst at Boeing, what is the deal with the ex-im bank. He said that these funds are for financing Boeing customers from smaller airlines/countries who if faced with the normal interest rates wouldn’t be able to buy the planes at all due to the cost + interest. So the result is the low interest loans enable the sale of jets - thus creating the jobs, etc. to produce them.
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It’s a subsidy and subsidies have negative effects, too, such as higher prices. There are better ways to create jobs.
Boeing is upset that some people, who have a primary interest for the country, want to take their welfare away.