Boeing Co said it may temporarily provide financing for some aircraft purchases by airlines caught up in the uncertain future of the Export-Import Bank of the US if Congress fails to extend the bank’s mandate before it expires at the end of June.
Looks to me like yet another reason to let the Ex-Im Bank die its death. It’s not needed, as Boeing is demonstrating. Sure, they’re saying “temporary,” but without the bank—that is to say, without American taxpayers—guaranteeing Boeing’s sales income, Boeing will find a way, in the private economy that all of us citizens are in, to make its sales and collect its revenue from the buyer. Private Enterprise always finds a way, when government isn’t in the way.