U.S. Aerospace Industries back Ex-Im Bank charter extension

(PRNewswire, Arlington, 8 March 2006) Calling the Export-Import Bank a "prudent investment in a dynamic world," Aerospace Industries Association President and CEO John Douglass endorsed legislation reauthorizing the bank in a statement to the Senate International Trade and Finance Subcommittee. The bank provides public financing for private US aerospace and defense industries, facilitating sales to international customers with loan guarantees that counter financing from foreign governments and private-sector lending limitations.