ATA Suing To Stop Ex-Im Bank Loan To Air India

The Air Transport Association (ATA) is suing the Export-Import Bank of the U.S. (Ex-Im Bank) to stop $3.4 billion in loan guarantees the bank is offering to Air India for the purchase of Boeing aircaft.

The suit, filed in U.S. District Court for the District of Columbia, claims the bank is failing in its statutory ...