Boeing, Delta spend millions in fight over Ex-Im Bank

Boeing Co. and Delta Air Lines have spent millions on lobbying in the fight for the Export-Import Bank’s existence — on opposite sides of the battle, according to the St. Louis Business Journal.

The Ex-Im Bank, which helps American businesses sell goods and services internationally, has a July 1 cut-off date unless Congress votes to renew it.

Boeing has spent over $69 million since 2012 on the issue. Delta has spent some $10 million since 2012 to end the Ex-Im Bank, saying it provides loan guarantees to overseas airlines for the purchase of Boeing jets, thereby helping international competitors at the airline’s expense, according to the New York Times.

Read more from the St. Louis Business Journal.