AIA: ExIm Discharge Petition Most Welcome; Time to Vote!

Statement by Aerospace Industries Association President and CEO David F. Melcher on the passage of a discharge petition allowing Congress to hold a vote to reauthorize the Export Import Bank of the United States.

Arlington, Va. — We are delighted with today’s passage of a discharge petition on Rep. Fincher’s (R-Tenn.) bill reauthorizing the Export Import Bank of the United States. So far, American companies have lost three space payload orders, billions of dollars in American commercial airplane sales are at risk, and several companies are talking about moving operations overseas – all because ExIm Bank financing has not been available since July 1.  Enough is enough – Congress must hold the vote and reauthorize the Export-Import Bank.

Global Sustainable Aviation Summit 2015

Remarks for Global Sustainable Aviation Summit 2015
Excerpts From Prepared Remarks
David F. Melcher, President & CEO Aerospace Industries Association
Tuesday, September 29, 2015

AIA: The U.S. aerospace industrial base is running out of time

Statement by Aerospace Industries Association President and CEO David F. Melcher urging Congress to hold a vote to re-authorize the U.S. ExIm Bank.

Arlington, Va. — With the news today that a $1.1 billion order for Boeing jetliners by a South African airline is at risk of cancellation, and the recent announcements of three lost U.S. commercial satellite sales, it is clear that the failure of Congress to re-authorize the U.S. Export-Import Bank is causing the American aerospace industry to lose ground against its foreign competitors, and potentially thousands of workers to lose their jobs.

Ex-Im Bank:  A Key Component for Maintaining America‚Äôs Global Influence

Appeared in the Sept. 14, 2015 edition of  Defense News, on page 37.  By John J. Hamre and David F. Melcher.

Shutting down Ex-Im would also threaten American national security interests. American aerospace and defense companies have relied on overseas markets, particularly commercial markets serviced by Ex-Im loans, to keep the defense industrial base healthy as U.S. defense spending has declined.  Without Ex-Im, U.S. industrial production will decline, with fewer revenue and jobs throughout the aerospace and defense supply chain, leading to higher unit costs for the military systems our armed forces buy. The same dynamic occurred in the shipbuilding sector in the 1980s with devastating results that continue to be felt today.

AIA: Senate Passage of Ex-Im Bank Amendment a Good First Step

Arlington, Va. — The Aerospace Industries Association is very pleased that the Senate has attached an amendment reauthorizing the Export-Import Bank of the United States to the Transportation bill that passed the Senate today. Ex-Im Bank supports roughly 164,000 American jobs across the United States and is an important tool in enabling U.S. exporters to remain competitive in the global marketplace.