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Boeing 747 jumbo flies into sales headwind as Ex-Im funding ends

Charter for US Export-Import Bank expires after Tuesday, eliminating financing for overseas customers

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Published Wed, Jul 1, 2015 · 09:50 PM

    Chicago

    AIRLINES in nations as far-flung as Azerbaijan and Nigeria are about to find it harder to pay for 747 jumbo jets, complicating Boeing Co's efforts to line up buyers for a plane that is already falling out of favour.

    After months of struggle in Congress, the charter for the US Export-Import Bank is set to expire after Tuesday, eliminating a long-time source of financing for aircraft orders from Boeing's overseas customers.

    BoeingAirbus

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