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Delta Airlines wants to stop Ex-Im help on big jets

Delta Air Lines Inc wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co , and would be willing to forgo such support for its own purchases if all such subsidies were eliminated, its chief executive said on Wednesday."We would be perfectly willing, if we had a total moratorium on narrow-body and wide-body financing, to forego" export credit help on narrow-body jet purchases from Bombardier , Delta CEO Richard Anderson said in an interview with Reuters.In December, Delta ordered 40 Bombardier CRJ900 regional jets with an option for 30 more in a deal worth up to $3.29 billion."We are trying to do whatever we can to get a level playing field in a world where my government decides that they would rather help my competitors in the marketplace than Delta," he added.Airlines with good credit can get market-rate funding without "giving them the balance sheet of the U.S. government," Anderson said.Delta sued the Ex-Im bank last month i...

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  1. Regulator Clears Qantas, Emirates Pact

    Australia's competition regulator on Wednesday granted final approval for an alliance between Qantas Airways Ltd. (QAN.AU) and Emirates Airline that will see the car...

  2. Boeing faces pressure for cash compensation over 787

    Pressure grew on Wednesday for Boeing to compensate airlines in hard cash for disruption caused by the grounding of its 787 Dreamliner as two airlines maneuvered for...

  3. ANA wants Boeing cash, rather than discounts, for 787 grounding: source

    All Nippon Airways <9202.T>, the biggest customer for Boeing Co's 787 Dreamliner, wants the planemaker to compensate it in cash, rather than discounts on future purc...

  4. ILFC urges Boeing not to rush 777X, backs bigger 787

    A major U.S. leasing company has urged Boeing not to rush into developing a replacement for its 777 wide-body airliner, contrasting with pressure from some airlines ...

  5. Boeing to Seek Board Approval to Offer Upgraded 777X

    Boeing Co. (BA) is likely to seek approval from its board as soon as next month to sell a new version of its 777 jetliner, according to people familiar with the plan...

  6. Boeing appears confident about launching folding wing 777X

    LYNNWOOD, Wash./PARIS (Reuters) - Boeing Co said Wednesday it plans to bring its next-generation 777X jet into service by the end of the decade, a time frame that ha...

  7. Emirates sees new 777 model in six to nine months

    Emirates airline expects a revamped version of Boeing's 777 plane to be available to customers in six to nine months time, the carrier's said on Sunday."The engageme...

  8. Emirates airline in 5-yr sponsorship deal with Formula One

    Emirates airline , which has multi-million dollar sponsorship deals with FIFA and Arsenal football club, inked a five-year partnership with Formula One motor racing ...

  9. Qantas May Add New Asian Destinations

    Qantas Airways Ltd. (QAN.AU) said Monday that it's considering increasing the number of destinations it flies to in Asia as part of a turnaround strategy for its ail...

  10. Corporate Bond Sales Take January Record

    Investment-grade companies borrowed more cash this month than in any January on record. But not by much.With Dubai-based Emirates Airline selling $750 million worth ...

  11. Qantas, Emirates Get Interim Nod for Alliance

    Qantas Airways Ltd. (QAN.AU) and Emirates Airline received the green light from Australia's competition regulator to begin implementing their alliance ahead of the p...

  12. Boeing's 787 Issues Overblown?

    With the constant media swirl around Boeing's (NYSE:BA) new 787 Dreamliner, it's no wonder a series of recent hiccups including a fire and fuel leak prompted an upro...

  1. Delta Airlines wants to stop Ex-Im bank help on big jets

    Delta Air Lines wants the U.S. Export-Import Bank to stop helping state-owned foreign airlines buy wide-body jets from Boeing Co , and would be willing to forgo such...

  2. Emirates Gets Boost from Qantas Deal

    Emirates Airline expects this year to be more profitable as it continues to push more passengers through its hub in Dubai, an effort helped by its recent alliance wi...

  3. Dubai aims to treble tourism income by 2020

    Dubai aims to treble its annual income from tourism to 300 billion dirhams ($82 billion) by 2020, which would involve doubling the number of its hotel rooms, a senio...

  4. Analysis: After the 787 crisis, risks still loom for Boeing

    Boeing Co's 787 Dreamliner is carrying passengers again after a three-month ban on flights, but the company still faces potent risks related to the new, high-tech pl...

  5. Boeing to Offer Mini-Jumbo Soon to Step Up Competition

    Boeing looks ready to start offering its long-awaited next-generation mini-jumbo in weeks after pondering for months how to prevent a key part of the big-jet market ...

  6. Emirates Airline Enters Transatlantic Market

    Dubai's Emirates Airline opened a new front in the rapid expansion of Persian Gulf-based carriers by announcing plans Monday to launch a daily flight between New Yor...

  7. Delta Widens Offensive Over Jet-Loan Deals

    Delta Air Lines Inc. (DAL) has intensified efforts to freeze financial support by a U.S. government agency for Boeing Co. (BA) aircraft exports, this time drawing in...

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