Stormy conditions may be ahead for Boeing’s (BA) 747 jumbo jets. A substantial source of financing for Boeing’s international customers will not be automatically renewed by congress after the charter for the U.S. Export Import bank expires on Tuesday. The potential loss of numerous emerging market customers comes as a headache for Boeing, adding a new complication to the jumbo jet buying process. Customers for the jumbo jets include Russian and Nigerian markets which reply heavily on the export import support. The model is already losing favor with buyers as new aircraft enter the market. Boeing will now have to decide whether to foot the bill itself to help credit restricted countries or accept the potential loss of customers and potentially scale back production.
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