The
bank, which provides financing for many U.S. exporters, is
currently unable to agree new business for large jets because
only two of the five seats on its board are filled, not enough
to approve deals over $10 million.
Robert Roy, vice president of EXIM's transportation division,
told financiers in Hong Kong that there were indications that
legal changes needed to reopen the system of jet financing,
opposed by some conservatives, could happen soon.
"We are pretty certain that in December, we will be able to meet
with a quorum of two," he told the Airline Economics conference,
adding that he had three to four transactions waiting to be
considered as soon as the changes were adopted.
(Reporting by Tim Hepher)
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