AAR Corp. (AIR) Reports In-Line Q1 EPS

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Go back to AAR Corp. (AIR) Reports In-Line Q1 EPS

Boeing chairman believes U.S. Export-Import Bank will be reauthorized

September 24, 2015 1:57 PM EDT

By Alwyn Scott

NEW YORK (Reuters) - Boeing Co (NYSE: BA) chairman Jim McNerney said on Thursday he believes the U.S. Export-Import Bank, which recently lost authorization to engage in new business, will be reauthorized.

Boeing, the biggest U.S. exporter, is one of the most strident campaigners for reauthorization of the bank, which lent money to foreign buyers of U.S. goods. The bank's charter lapsed on June 30 after conservatives in the U.S. Congress cast it as a promoter of "crony capitalism."

More Boeing work would move... More