No account yet?
Subscription Options
Subscribe via RSS, or
Free Email Alert

Sign up to receive a daily e-mail alert with links to Dallas Blog posts.

New Site Search
Bill DeOre
Click for Larger Image
Dallas Sports Blog
Local Team Sports News
Dallas Blog
TEX Homepage News
Dallas Blog
Stars Recent Headlines
Good News Dallas
US Export-Import Bank Subsidizes Boeing Print E-mail
by Tom McGregor    Wed, Jul 23, 2014, 09:01 pm

 Airplane manufacturer Boeing can enjoy receiving massive subsidies through the US federal government by taking generous loans from the Export-Import Bank of the United States.

According to the Daily Caller, "Between 2009 and 2013, the Export-Import Bank of the United States authorized more than $16 billion in loans and loan guarantees to 34 state-owned foreign airlines for the purchase of Boeing aircraft, according to an analysis by Heritage Action."

Boeing took part in lucrative deals when they sold planes to State-owned companies all over the world.

As reported by the Daily Caller, "Over the same period, the total value of loans and guarantees awarded by the bank was slightly less than $95 billion, of which Boeing customers accounted for just under $49 billion, or about 51 percent."

Boeing started to receive large grants from the government after the corporation moved its headquarters from Seattle to Chicago.

To read the entire article from the Daily Caller, link here:

This e-mail address is being protected from spam bots, you need JavaScript enabled to view it

Share This Story on Facebook
Comments (0)add comment

Write comment
smaller | bigger

< Prev   Next >