Originally Posted by
motytrah
DL reportedly holds an equity stake in GOL as well. So they are making money off the deal a couple ways.
As far as I know Ex-Im Bank makes money and has been around since the 30s. I don't know what the rush is to get rid of them.
I'm assuming though the reason DL is making a stink is because the loans allow foreign competitors to buy Boeing products at relatively low interest rates. Most likely at lower rates compared to DL (DL's credit isn't exactly stellar).
Exactly. And further I don't see what's wrong with Delta criticizing a subsidy while also taking advantage of it the one time there might be a benefit to them. Millions of people think it's a bit odd to subsidize home ownership over renting by permitting interest deduction but they still take the deduction. Or thousands say it is silly to make me pay so much in "unemployment insurance" but if they get a chance to get some of those $ back, they take it. Saying the system is silly and I would like to see that piece of it scrapped issues not mean that they shouldn't do what is in their best interest while the politicians decide what they want to do this year. I suspect the OP works in DC..
