Washington: US airlines sought on Wednesday to block $ 3.4 billion in pending taxpayer-backed loan guarantees for Air India to buy Boeing Co jetliners. The Air Transport Association, the leading US trade group for major carriers, sought an injunction in US District Court for the District of Columbia to stop financing arranged by the Export-Import Bank of the United States. The Ex-Im bank is an independent agency that finances sales...
08:27 AM, Nov 17, 2011
