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Export-Import bank extension approved for Boeing - Live5News.com | Charleston, SC | News, Weather, Sports

Export-Import bank extension approved for Boeing

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NORTH CHARLESTON, SC (WCSC) -

Boeing recently got some good news as Congress approved a three-year extension of the Export-Import Bank, a federal program that assists United States companies with selling their products overseas.

Because of the extension, North Charleston's first 787 Dreamliner and five more will be going to Air India, financed completely by the Export-Import Bank.

Boeing's CEO says 85% of the planes coming out of the North Charleston factory will be sold overseas.

Not all South Carolina lawmakers are sold on the extension. U.S. Senator Jim DeMint voted against it.

Congressmen Jim Clyburn, Joe Wilson, Tim Scott, and Trey Gowdy all supported the extension. However, Scott and Gowdy say they eventually want to see the bank closed.

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