- Boeing (NYSE:BA) is the "biggest loser" from Rep. Eric Cantor's surprising election defeat, as congressional re-authorization of the Export-Import Bank - which arranges financing that helps foreign airlines buy jets - is now threatened after losing an advocate in the House leadership.
- Cantor's upset brings the bank’s future into question, analysts say; if the bank isn’t renewed by Sept. 30, the agency can’t finance new deals, though it could service existing commitments.
- Boeing also was downgraded today by RBC on valuation, and shares also may have been hurt by questions over new aircraft demand in light of Airbus' Emirates order cancellation.