HC Deb 11 April 1978 vol 947 c349W
Mr. Grylls

asked the Secretary of State for Trade if the Treasury has undertaken to guarantee any losses arising out of the Pan Am airline's purchase of Lockheed aircraft.

Mr. Meacher

Guarantees in connection with exports are given by the Export Credits Guarantee Department, with Treasury consent. It has been agreed, in principle, that ECGD guarantees will be available to support the sale of Rolls-Royce engines on terms needed to compete with those available from United States engine manufacturers, including the assumption of some risk in respect of the airframes.

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