A US federal court has rejected a bid by an industry body of major US airlines to block $3.4 billion loan to Air India to purchase new Boeing planes.
Trade body Airlines for America had filed a lawsuit in November last year against the US Exim Bank, opposing the loan guarantee to the Indian national carrier to buy Boeing 787 Dreamliners, saying the financial support would put US carriers at a commercial disadvantage.
From: http://ping.fm/BGWDV
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