The US airline industry has sued the Export Import Bank (Exim) alleging that its financial support to Indian national carrier Air India, which itself is in deep red, will harm the American airlines.

A US federal court has rejected bid by an industry body of major US airlines to block USD 3.4 billion loan to Air India to purchase new Boeing planes.

Trade body Airlines for America had filed a law

In a bid to prevent Air India from receiving a $3.4 billion loan for the acquisition of 30 new aircraft, a trade body for leading US airlines has sued the US Export-Import (Exim) Bank.

The loan comes

U.S. 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 U.S. trade grou

Ahead of a GoM meeting to finalise Air India's financial restructuring plan, the US Exim Bank has decided to give loan guarantees of USD 1.3 billion to support the airline's fleet acquisition from aer