On Wednesday, June 25, watch ALPA President, Captain Lee Moak, testify at the House Committee on Financial Services hearing, where he and others will discuss the authorization of the Export Import Bank (Ex-Im Bank). With the Bank’s current authorization expiring on September 30, now is the time for this committee to ensure the Bank operates with maximum transparency, uses proper economic modeling, and analyzes the potential of its widebody aircraft financing to harm U.S. industry and threaten U.S. jobs.
With nearly 45 percent of the Bank’s portfolio tied to one company, widebody aircraft financing reform tops the list of items to address. In 2013, the Ex-Im Bank approved $7.9 billion in financing for U.S.-made airliners, operated by U.S. airlines’ competitors—including Etihad Airways and Norwegian Air Shuttle, creating an economic advantage of more than $3 million per airplane per year. Given the record aircraft orders at the Dubai airshow in 2013, it is imperative that ALPA is successful in changing the way the Bank does business with state subsidized competitors. Read more about the reforms to the Bank that help level the playing field for pilots. Airline jobs are at stake.
On Monday, June 9th, the U.S. House of Representatives unanimously voted to side with ALPA and Deny NAI. Now the fight moves to the U.S. Senate and all ALPA members are encouraged to participate in our new call to action for ALPA members and the general public urging Senators to vote for the Klobuchar-Coats-Schatz-Blunt Amendment.
Senators Amy Klobuchar (D-MN), Dan Coats (R-IN), Brian Schatz (D-HI) and Roy Blunt (R-MO) plans to introduce an amendment to the Senate’s FY 2015 Transportation-Housing and Urban Development Appropriations Act (THUD) when the bill reaches the floor sometime the week of June 16 which would mirror the successful Deny NAI amendment that passed the House last week. The Westmoreland-DeFazio Amendment to the House THUD bill simply reiterates current law, mandating that in order for the U.S. Department of Transportation (DOT) to approve a foreign air carrier permit, it must 1) be in the U.S. public interest and 2) comply with Article 17 bis of the U.S.-EU Air Transport Agreement which prevents airlines from moving from one EU country to another for the purpose of evading labor laws.
The unanimous House vote in favor of the Westmoreland-DeFazio Amendment is a testament to strong power of ALPA pilots’ collective voice. NAI’s scheme threatens the future of the U.S. airline industry which is a driver of $1.3 trillion to our GDP. It also threatens U.S. jobs which is why pilots must engage! To understand the threat, watch ALPA President, Captain Lee Moak’s video message. And participate in ALPA’s Call to Action Deny NAI #2 now (general public here)!
Participate in the Call to Action now, call your Senator through the Capitol switchboard 202-224-3121 and urge them to vote for the Klobuchar-Coats-Schatz-Blunt Amendment to the THUD bill, AND tell your friends and colleagues to sign, call and tweet support for the Klobuchar-Coats-Schatz-Blunt Amendment. Together, we will #DenyNAI.