May 4, 2012 - The following statement is from Capt. Lee Moak, president of the Air Line Pilots Association, Int’l, on today’s bipartisan agreement on the Export-Import Bank’s reauthorization.

“The bipartisan reforms announced today to aircraft financing by the Export-Import Bank are a first step toward ending worldwide subsidies of widebody aircraft and will help to protect U.S. airline workers from unmerited, subsidized foreign competition. The reforms will also shine some desperately needed light on the Bank’s financing processes.”