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Why Delta Pays More Than Emirates for Boeing Planes
WASHINGTON (TheStreet) -- Once again, let's review the lingering puzzle of why Boeing (BA) gets a private bank to finance aircraft purchases by wealthy foreign airlines to the detriment of U.S. airlines, and why that bank won't follow the rules Congress and the courts have made for it. The Export-Import Bank of the United States is our country's official export credit agency. Its mission is to assist in financing the export of U.S. goods and services to international markets. Last… (www.thestreet.com) Más...Sort type: [Top] [Newest]
This is a two way street. Delta benefits from preferential EU export finacing when it buys Airbus.
Airbus is government backed(owned) and Boeing is supposedly a private company. Our gov should not be involved in financing (with taxpayer money) for private companies.
Because Emirates buys a lot more expensive planes than Delta? 100+ 777s is more money than 100 737s. Boeing still makes more money from Emirates than Delta, so obviously Emirates is going to get a lot of discounts/incentives to keep that going.
Count on Emirates being the launch customer for the 777X
Count on Emirates being the launch customer for the 777X
Did you read the same article I did? You totally missed the point of US tax dollars (EXIM bank) supporting wealthy government owned/supported carriers (such as Emirates) to the detriment of US global carriers....regardless of the size of any particular aircraft order. This situation, which competitively disadvantages US carriers (because they pay higher financing costs which are not available to them anywhere) is not sustainable long term for any US global carrier. When it comes to aviation, the EXIM bank should stick to developing nation carriers who's finance options may be limited, not to wealthy state owned/supported carriers who have many financing options. BTW, I guarantee Boeing has made a lot more money over the years from any global US carrier (Delta, United, or American), than they have from Emirates.
Another taxpayer ripoff. I guess just like Fannie and Freddie they think everyone ought to have an airline. Lol
Simply put, Emirates orders are worth more to Boeing than Delta's. If Boeing forced Emirates to pay full price, Emirates would go elsewhere and buy the equivalent Airbus, leavig Boeing with Delta's comparatively tiny orders.