Policy Needed At Eximbank For Financing Aircraft Spare Parts And Other Support Items V. ID-81-55

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ID-81-55 1 (1981-07-31)

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BY THE COMPTROLLER GENERAL

Report To The Honorable

William Proxmire

United States Senate

Policy Needed At Eximbank For

Financing Aircraft Spare Parts

And Other Support Items

The Export Import Bank of the United States
(Eximbank) finances aircraft spare parts and
other support items in connection with loans
for commercial aircraft. Borrowers obtain
support items either by direct purchase or
through credit memorandums issued by air-
frame and engine manufacturers.

1 16096

To effectively use its scarce financial re-
sources, Eximbank should limit the amount
of spare parts and other support items in
direct long-term financing for commercial
aircraft sales. Also, to reduce interest costs
to the Government, Eximbank should delay
disbursement of loan funds for items obtain-
able with credit memorandums until the
memorandums are used.

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ID-81-55
JULY 31, 1981

6-7-1609

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