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Boeing Risks Losing $1.1 Billion Jet Order on Ex-Im Shutdown

By Tony Seruga

South Africa’s Comair cites difficulty finding credit
Deal would be first plane sale imperiled by cutoff in loans

South Africa’s Comair Ltd. may have to drop $1.1 billion in Boeing Co jet deliveries due to begin in October after struggling to line up financing without U.S. government assistance.

The transaction, described in a Sept. 28 letter to Boeing from Comair, would be the planemaker’s first aircraft order imperiled since the U.S. Export-Import Bank’s charter expired June 30. Boeing is the biggest beneficiary of the agency, which has been attacked by some congressional Republicans who say it aids big businesses that don’t need help…

Boeing Risks Losing $1.1 Billion Jet Order on Ex-Im Shutdown

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