Ex–Im Bank Reauthorization Presents Opportunity for Reform
Legislation Must Protect U.S. Airline Industry JobsALPA president
Capt. Lee Moak issued the following statement regarding the U.S. Senate’s
procedural vote to block adding the reauthorization of the Export–Import Bank of
the United States to other legislation currently under consideration by Senate
lawmakers.
“The Air Line Pilots Association, International,
does not oppose the Export–Import Bank's reauthorization and we are hopeful
that, with additional time before the final reauthorization is considered, all
parties interested in the Bank’s reauthorization, including ALPA, can work
together to amend the reauthorization to protect U.S. airline workers’ jobs
without putting the Bank’s ultimate reauthorization in jeopardy.
“Over the past five years, the Ex–Im Bank has
provided financing for dozens of widebody aircraft. This financing is provided
at rates that are not available to U.S. airlines, and many of these
Bank-subsidized aircraft are being used to fly routes that are, have been, and
could be served by U.S. airlines. U.S. carriers have found that they have needed
to withdraw from or not begin flying routes that might otherwise be economically
viable. As a result, the Bank’s financing is directly and adversely affecting
U.S. airlines and their employees. Further, there is every indication that Bank
financing of widebody aircraft is likely to grow rapidly and increasingly
threaten U.S. airlines’ ability to compete on international routes, costing ALPA
members and other airline industry employees their jobs.
“Congress should amend the
Bank’s reauthorization to direct the Administration to enter into negotiations
with the five European countries with export credit agencies that support Airbus
aircraft sales with the goal of eliminating ALL export credit agency financing
of widebody aircraft. ALPA continues to support a robust manufacturing sector in
our economy, and we are confident that there are many other transactions that
could be financed by the Ex–Im Bank that would not negatively impact U.S.
workers.
“Additionally, Congress should amend the
reauthorization to ensure that the Bank undertakes the Congressionally mandated
economic effects analysis for all of its potential financings. Congress must
ensure that, with respect to each transaction, the impact of widebody aircraft
financing for foreign carriers is, in fact, a net positive for U.S. industry and
employees. If the required economic impact analysis reveals that a financing
deal would result in a net negative impact on U.S. jobs, then the rational and
Congressionally mandated outcome is that the transaction should not be supported
by U.S. taxpayers.
“With these two straightforward additions to the
Export-Import Bank’s reauthorization, we are confident that the Bank could be
reauthorized quickly and all U.S. airline industry workers would be protected.” |