Policy Needed at Eximbank for Financing Aircraft Spare Parts and Other Support Items.
GENERAL ACCOUNTING OFFICE WASHINGTON DC INTERNATIONAL DIV
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We recommend that Eximbank establish a policy limiting the amount of spare parts and other support items that may be included in its direct long-term financing for commercial aircraft sales and that it delay disbursement of loan funds for items obtainable with credit memorandums until the memorandums are used. Eximbank officials generally agreed that the Bank should establish a new policy for financing aircraft spare parts and other support items and said that our recommendation would be considered. In commenting on the second part of the recommendation, they said that Eximbanks procedures would have to be changed in order to withhold disbursement of loan funds until credit memorandums are used, and this would create additional administrative work. Author
- Economics and Cost Analysis
- Government and Political Science