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Boeing Aircraft Financing Risks Disruption

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Boeing Co. faces a potentially damaging disruption in financing of new aircraft deliveries due to a political fight in Washington over The Export-Import Bank of the United States. Ex-Im has used up $90 billion of its $100 billion authorization limit. The bank is requesting its cap be increased to $140 billion but political squabbles during this election year are delaying Congressional action. A senior U.S. administration official said the chance is greater than 50% that Ex-Im will hit its limit before May. "It's the first time in 77 years that Ex-Im may have to halt financing," the person told Dow ...