Boeing is selling 230 737s to Lion Air of Indonesia. You, the taxpayer, are guaranteeing the loan from Apple Bank of NY to Lion Air, via the Export-Import Bank of the United States.
Ex-Im is an extraordinary agency, because it exists primarily to subsidize Boeing — last year, more than 80 percent of Ex-Im’s loan guarantees subsidized Boeing sales.
As the guarantors of this loan, let’s hope the aircraft bubble isn’t real.
