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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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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.

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...

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