US airlines’ body files suit to halt loan support to AIhttps://indianexpress.com/article/news-archive/web/us-airlines-body-files-suit-to-halt-loan-support-to-ai/

US airlines’ body files suit to halt loan support to AI

We can take a call only after we get a formal communication.

In a bid to stop loan guarantee for Air India’s plane acquisition from Boeing,an American airlines’ industry body has filed a lawsuit against the US Exim Bank opposing its $3.4 billion support to the national carrier to buy B-787 Dreamliners.

“In a suit filed with the US District Court of the District of Columbia,ATA asked the court to find the Air India loan-guarantee commitments unlawful,to prevent the loan guarantees from being issued,and to order injunctive relief requiring the Exim Bank to comply with its statutory obligations,” the Air Transport Association of America (ATA) said in a statement in Washington.

Asked to respond to the development,Civil Aviation Secretary Nasim Zaidi said,“We have not received any communication on the matter as yet. We can take a call only after we get a formal communication.”