in Business & Finance

Ex-Im on the road to reauthorisation

Posted 29 October 2015 · Add Comment

The US Export-Import Bank (Ex-Im), a vital part in the financing of aircraft and other assets in Africa and the Middle East, has been reauthorised by the US House of Representatives.

The export credit agency passed the legislative body earlier this week with 313 votes in favour, and only 118 against.
 
Both Democrats and Republicans supported the bill, but legislators were only allowed to vote after supporters enforced the vote, as opponents had blocked a vote on reauthorisation.
 
The US Senate is still to vote on the reauthorisation, before it can be moved to President Barack Obama, although support for the reauthorisation is expected.
 
Ex-Im has been able to process new application and continues to honour all deals approved prior to the expiration.  
* required field

Post a comment

Other Stories
Latest News

Airbus and Cote d'Ivoire sign deal to boost the West African country"s aerospace future

Côte d’Ivoire and Airbus have signed an MoU to establish a framework of collaboration to support the development of the country’s aerospace industry which has been identified as strategic for its economic development.

Pegasus Airlines signs codeshare agreement with Nile Air

Pegasus has signed a codeshare agreement with Nile Air.

Kenya Airways launches direct flights to Mauritius

Kenya Airways will be flying to Mauritius four times weekly from Jomo Kenyatta International Airport, Kenya, the Mauritian Tourism Minister Anil Gayan has announced.

Cheetah purrfect for US private air force

The most advanced fighter aircraft ever constructed in Africa is about to find a new lease of life on the other side of the world. Alan Dron reports.

Honeywell and Flightaware to enhance flight-tracking capabilities

Honeywell is joining forces with flight tracking data company FlightAwar to bring a new level of advanced flight tracking support to operations control centres and business jet owners.

One Nilestone after another

Nile Air, Egypt’s largest privately owned airline, is exploring several avenues to ensure its continued growth in the challenging economic climate. Alan Dron reports.

Routes African SK1505180718
See us at
GroundHandling BT2205130918AAD2018 BTAirCargoAFA_BT220318210219