IAM fails to support Delta workers in the Ex-Im bank dispute

For months, a coalition of Delta, United and American employees and executives have been addressing Congress and the White House on issues surrounding unfair competition by foreign, heavily-subsidized, state-owned carriers (in particular Emirates, Qatar and Etihad airlines) and the threat this represents to the job security of US airline employees. Part of that discussion centered on the Export-Import or “Ex-Im” bank and its guarantee of aircraft loans (at lower interest rates) to these already heavily-subsidized foreign carriers. Delta has argued in favor of reforming the Ex-Im bank by requiring analysis of the applicant’s need for subsidy. Boeing and other exporters who benefit from the traditional way the Ex-Im bank operates have opposed these efforts. And IAM, unlike other airline employee unions, has agreed – “We need the bank to help protect our aircraft makers,” said IAM President Tom Buffenbarger. IAM is the labor representative of 35,000 Boeing employees.

Learn More

%d bloggers like this: