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
Thu, Jul 02, 2015 - 5:50 AM
Nine jumbos with a list value of US$3.3 billion, representing more than a quarter of Boeing's 32-plane backlog of 747s, are bound for markets including Russia, Azerbaijan and Nigeria, where buyers rely on Ex-Im support.
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...