CELEX: 51995PC0336
Language: en
Date: 1995-07-12
Title: Proposal for a COUNCIL DECISION amending the Decision of 4 April 1978 on the application of certain guidelines in the field of officially supported export credits

COMMISSION OF THE EUROPEAN COMMUNITIES
                                      Brussels, 12.07.1995
                                      TOM05) 336 final
                                      95/01X5 (COD)
                       Proposal for a
                  COUNCIL DECISION
        amending the Decision of 4 April 1978
      on the application of certain guidelines
         in the field of officially supported
                     export credits
              (presented by the Commission)
r
.^B '
 ---pagebreak---  ---pagebreak---                            Explanatory memorandum
1. On 4 April 1978 the Council adopted a Decision concluding the Arrangeront
   on Guidelines for Officially Supported Export Credits on behalf of th<
   Community. A Council Decision dated 14 December 1992 gives effect to the
   Arrangement in the Community for an unlimited duration.
2. An annex to the Arrangement contains a sector Understanding setting o\Jt
   special guidelines on export credits for civil aircraft; this binds
   Consensus Participants to observe certain rules in insuring and financing
   their sales not only of large commercial aircraft but of other civil
   aircraft as well.
3. The Participants have now negotiated additional guidelines applying to
   export sales of used aircraft, spare engines and spare parts, and
   maintenance and service contracts.
4. The Commission has found the Arrangement since the outset to provide an
   effective international discipline clearly exerting a downward pressure
   on the level of subsidies and helping prevent distortions of competition
   linked to officially-supported export finance and insurance. It thus
   favours the introduction of further guidelines as a means of improving
   that discipline.
5. The Commission therefore proposes that the Council adopt the draft
   decision ratifying in full the amendments adopted by the Participants.
                                 J
 ---pagebreak---                                 Proposal for a
                               COUNCIL DECISION
                    amending the Decision of 4 April 1978
                  on the application of certain guidelines
                     in the field of officially supported
                                export credits
    THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty establishing the European Community, and in
particular Article 113 thereof,
Having regard to the proposal from the Commission,
Whereas the Community is a party to the Arrangement on Guidelines for
Officially Supported Export Credits (herinafter referred to as "the
Arrangement";
Whereas the Arrangement is the subject of the Council Decision of
4 April 1978; whereas the Annex to that Decision was last amended by the
Council Decision of 14 December 1992;*
Whereas the Participants in the Arrangement have drawn up additional
guidelines for exports of used aircraft, spare engines and spare parts, and
maintenance and service contracts;
Whereas the text in Annex IV to the Decision of 4 April 1978 must be
replaced by the new text of Annex IV to the Arrangement,
HAS ADOPTED THIS DECISION:
                                   Article 1
Annex IV to the Council Decision of 4 April 1978 is hereby replaced by the
text in the Annex to this Decision.
1  OJ No L 44, 22.2.1993, p. 1.
 ---pagebreak---                                   Article 2
This Decision shall apply immediately,
                                  Article 3
This Decision is addressed to the Member States,
Done at                                          For the Council
                                                 The President
                                  3
 ---pagebreak---                                       ANNEX IV
             SECTOR UNDERSTANDING ON EXPORT CREDITS FOR CIVIL AIRCRAFT
        CHAPTER I.   NEW LARGE COMMERCIAL AIRCRAFT „
1.      Form and Scope   /
        This Chapter complements the Arrangement on Guidelines for Officially
Supported Export Credits. Its sets out the particular complementary guidelines
that are applicable to officially supported export credits for financing sales
or leases of large civil aircraft listed in the Appendix and supersedes the
terms of the OECD "Standstill" (TC/ECG/M/75.1, item 6 and Annex III-A) with
respect of such aircraft.
2.      Objectives of this Chapter
        The objective of this Chapter is to establish a balanced equilibrium
that, on all markets:
        -- equalises competitive financial conditions between participants;
         -- neutralises finance among participants as a factor in the choice
            among competing aircraft; and
         -- avoids distortions of competition.
3.      Credit Terms and Conditions
a)       Cash payments
         The minimum cash payment is 15 per cent of the aircraft's total price
 (the price of the airframe and any installed engines plus the spare engines and
spare parts described in paragraph 28). Participants shall not provide
official support for such cash payments other than insurance and guarantees
against the usual pre-credit risks.
b)       Maximum repayment  term
         The maximum repayment term of an officially supported credit is twelve
years.
                                  - ^-*° -
 ---pagebreak--- 4.     Interest Rates
a)     Minimum Interest    Rates
       Notwithstanding the provisions of paragraph 5 below, the following
       minimum interest rates, inclusive of credit insurance premia and
       guarantees, apply where participants are providing official financing
       support by way of direct credit, refinancing or interest rate
       subsidy:
      1)   Financing in US dollars:
                           Number of years in
                        maximum repayment term
              Up to 10 years                Over 10-12 years
              TB 10 + 120                   TB 10 + 175
              basis points                  basis points
           where TB 10 means ten-year Treasury bond yields at constant maturity,
           averaged over the previous two calendar weeks.
      2)   Financing in the currencies of the currency cocktail (German Mark,
           French Franc, UK Pound, ECU) (1)
           A currency cocktail package, based on ten-year government bond yields
           for the German mark, French Franc and the UK Pound (2), plus a margin
           applies.   This margin, calculated as a weighted average of the
           margins applicable to each currency, is equal to the margin
           applicable in the case of financing in US dollars.
           In the case of financing in ECU, the minimum rate applicable is the
           long-term ECU bond yield (3) less 20 basis points plus a margin equal
           to the margin applicable in the case of financing in US dollars.
b)     Interest  rate   adjustments
       An adjustment is made to the minimum rates of interest set out in
a) above if the two-weekly average of the ten-year government bond yields at
constant maturity at the end of each two-week period differs by 10 basis points
or more from the average of the ten-year government bond yield at constant
maturity at the end of the last two calendar weeks of June 1985. When such a
change occurs, the levels of the minimum rates of interest set out above are
adjusted by the same number of basis points and the recalculated minimum rates
are rounded off to the nearest 5 basis points. Subsequently, minimum rates of
interest are adjusted on a two-weekly basis according to the aforementioned
method if there is a change of ten basis points or more in the interest rate
underlying the preceding change in minimum rates of interest.            Similar
provisions apply to the ECU in the case of changes in the ECU bond yield.
 ---pagebreak--- c)   Special    adjustments
    1)   If a participant believes that at least two significant sales in any
         six-month period:
        i)   for which participants are direct competitors; and
       ii)   on which offers have been made with official financial support
             [see paragraphs 5 a) and b) 1 have been concluded on a pure cover
             basis, other than PEFCO, at a fixed interest rate below the
             applicable minimum interest rates specified in this Chapter; the
             participants shall consult immediately in order to determine the
             interest rates on the basis of which the sales have been concluded
             and, if necessary, to find a permanent solution that ensures that
             the objectives of paragraph 2 are fully met.
    2)   If during these consultations:
        i)   it cannot be determined whether the interest rates for the sales
             in question were at, above, or equivalent to the applicable
             minimum interest rates specified in this Chapter; and
     ii)     if a solution cannot be found within thirty days from the start of
             the consultations; then the minimum interest rates specified in
             paragraph 4 a ) 1) are reduced by 15 basis points, unless the
             participants agree that the sales concerned are not significant.
             In no case is the interest rate for the ten-year option reduced
             below TB 10 plus 105 basis points. Such adjustments are made
             without prejudice to continuing consultations to find a solution,
             including the possibility of a recoupment in the event that
             additional cases do not occur.
     3) If, in any six-month period, two or more sales for which participants
         are direct competitors are concluded on a floating-rate pure cover
         basis, consultations to ensure that the objectives of paragraph 2 are
         fully met shall be held at the request of any participant.
d) Differential   between ten and twelve year financing  options (4)
     1) If, subject to the conditions outlined below, at the end of the
         period between 1st July 1985 and 1st July 1986, 66 per cent or more
         of all sales of aircraft, financed either by means of official
         support or by PEFCO, have been concluded on a ten-year term, then the
         minimum interest rate on the ten-year financing option shall be
         increased by 15 basis points.
         If, during the following year,   66 per cent or more of all sales
         of aircraft, financed either     by means of official support or by
         PEFCO, have been concluded on   a ten-year term, then the participants
         shall review the differential   between ten and twelve-year financing
 ---pagebreak---           options with a view to finding a permanent solution to the problem of
          equating the differential between the two options. If, on the other
          hand 66 per cent or more of the above sales have been concluded under
          the ten to twelve-year financing option, then the minimum interest
          rate on the ten-year financing option shall be decreased by 10 basis
          points.
       2) If, subject to the conditions outlined below, at the end of the
          period 1st July 1985 and 1st July 1986, 66 per cent or more of all
          sales have been concluded on a ten to twelve-year term then the
          minimum interest rate on the ten-year financing option shall be
          decreased by 15 basis points.
          If, during the following year, 66 per cent or more of all sales
          of aircraft have been concluded under the ten to twelve-year term,
          then the participants shall review the differential between ten and
          twelve-year financing options with a view to finding a permanent
          solution to the problem of equating the differential between the two
          options. If, on the other hand, 66 per cent or more of the above
          sales have been concluded under the ten-year option, then the
          ten-year minimum interest rate shall be increased by 10 basis points.
e)     Date of determination    of interest   rate  offer
       A participant may offer the borrower a choice of one of the two
following methods for selecting the date on which the minimum interest rate [as
defined in paragraph 4 a) et seq.] on official fixed interest rate financing
[see paragraph 5 a) below] and on PEFCO financing [see paragraph 5 b) below] is
determined. The selection by the borrower is irrevocable. The minimum rate
is:
      i)   the minimum rate prevailing on the date of the offer by the lender,
          or
     ii)  the minimum rate prevailing on whichever one of a series of dates may
          be selected by the borrower. The date selected shall in no event be
           later than the date of delivery of the aircraft.
5.  Amount of Financing
a)     Official  fixed interest   rate    financing
      1)  The maximum percentage of the aircraft total price [as that term is
           defined in paragraph 3 a)] that may be financed at the fixed minimum
           rates specified in paragraph 4 a) by means of official financing
           support is 62.5 per cent when repayment of the loan is spread over
           the entire life of the financing and 42.5 per cent when repayment of
           the loan is spread over the later maturities. Participants are free
           to use either repayment approach, subject to the ceiling applicable
           to that pattern. A participant offering such a tranche shall notify
 ---pagebreak---           the other participants of the amount, the interest rate, the date on
          which the interest rate is set, the validity period for the interest
          rate and the pattern of repayment.
      2)  The Participants will review the two ceilings at the time of each
          review pursuant to paragraph 14 to examine whether one ceiling
          provides more advantages than the other with a view to adjusting the
          more advantageous so that a balance is more evenly struck.
b)     PEFCO financing
      1)   Fixed-rate funds may be officially financed in a manner comparable to
           that provided by the Private Export Funding Corporation (PEFCO).
          Weekly information on PEFCO's borrowing costs and applicable lending
           rates, exclusive of official guarantee fees on fixed-rate finance for
           immediate disbursement and for disbursements over a series of dates,
           for contract offers and for bid offers, shall be communicated to the
           other participants on a regular basis. A participant offering such a
           tranche shall notify the other participants of the amount, interest
           rates, date on which interest rate is set, validity period for the
           interest rate and pattern of repayments. Any participant matching
           such financing offered by another participant shall match it in all
           of its terms and conditions other than the validity period of offers
           of commitment (see paragraph 6) .
      2)   These rates as notified shall be applicable by all participants
           as long as the twenty-four month disbursement interest rate does not
           exceed 225 basis points above TB 10 (see paragraph 4 ) . In the event
           the twenty-four month rate exceeds 225 basis points, participants are
           free to apply the rate of 225 basis points for twenty-four months
           disbursement and all the corresponding rates and shall consult
           immediately with a view to finding a permanent solution.
c)      "Pure cover"  tranche
       Official support by means of guarantees only ("pure cover") is permitted
subject to the ceiling specified in d) below. However, a participant offering
such a tranche shall notify the other participants of the amount, term, pattern
of repayments, and, where possible, interest rates.
d)     Total official    support
        The total amount of funds benefiting from official support pursuant to
paragraphs 5 a), b) and c) above shall not exceed 85 per cent of the total
price as defined in paragraph 3 a) above.
                                        10
 ---pagebreak--- 6.     Validity Period of Commitments
        The duration of fixed interest rate offers of commitment on the
tranches of financing defined in paragraphs 5 a) and 5 b) shall not exceed
three months.
7.      Fees
        Commitment and management fees are not included in the interest rate.
8.      Security
        Participants retain the right to decide upon security acceptable to
themselves autonomously and will communicate fully to other participants on
this point, as requested or when deemed appropriate.
9.      Aid Credits
        There shall be no tied or partially untied aid credits (including tied
and partially untied grants) for any item covered by the Sector Understanding.
Participants shall not provide any other kind of financing on credit conditions
that are more favourable than those set out in this Sector Understanding (5).
However, Participants shall consider sympathetically any requests for a common
 line for tied or partially untied aid for humanitarian purposes.
 10.    Model Changes
         It is understood that when a loan contract has been concluded on one
 type of aircraft, the terms contained therein cannot be transferred to another
 type bearing a different model designation.
 11.     Leases
         It is also understood that a participant may match a twelve-year
 officially supported lease transaction with a twelve-year repayment term and
 85 per cent credit financing support, subject to the other terms and
 conditions of this Chapter.
 12.     Competition Reference Point
         In the event of officially supported competition, aircraft that are in
 the list of large civil aircraft in the Appendix and that compete with other
 aircraft may benefit from the same export credit terms and conditions.
                                          11
 ---pagebreak--- 13.    Procedures
       The procedures outlined in the Arrangement on Guidelines for Officially
Supported Export Credits apply to this Chapter. In addition, should any
participant believe that another participant is offering an officially
supported export credit that is not in conformity with the Guidelines without
giving advance notice, consultations shall be held within ten days upon
request.
14.    Review
       The information procedures and conditions outlined in this Chapter are
subject in principle to an annual review. However, the Participants shall
review the provisions of this Chapter whenever requested, notably in relation
to the possible development of certain financing and interest rate trends [see
paragraphs 4 c) and d)].
                                      12
 ---pagebreak---         CHAPTER II.    ALL NEW AIRCRAFT EXCEPT LARGE COMMERCIAL AIRCRAFT
15.     Form and Scope
        This Chapter complements the Arrangement on Guidelines for Officially
Supported Export Credits. It sets out the particular complementing Guidelines
that are applicable to officially supported export credits financing contracts
for the international sale or lease of new (not used) aircraft not covered by
Chapter I of this Sector Understanding. It does not apply to hovercraft.
16.     Participation
        The rules on participation of the Arrangement shall apply.
17.     Best Endeavours
         The provisions of this Chapter represent the most generous terms that
participants are allowed to offer when giving official support. Participants
 shall however continue to respect customary market terms for different types
of aircraft and shall do everything in their power to prevent these terms from
 being eroded (6) .
 18.     Categories of Aircraft
         The following categories have been agreed upon in view of the
 competitive situation:
         A. Turbine-powered aircraft -- including helicopters -- (e.g. turbo jet,
             turbo-prop, and turbo-fan aircraft), with generally between 30 to 70
             seats.   In case a new large turbine-powered aircraft with over 7 0
             seats is being developed, immediate consultations shall be held upon
             request with a view to agree on the classification of such an
             aircraft   in this category or in Chapter I of this Sector
             Understanding in view of the competitive situation.
          B. Other turbine-powered aircraft, including helicopters.
          C. Other aircraft, including helicopters.
          An  illustrative   list of  aircraft  in categories  A and  B  is in the
 Appendix.
  19.     Credit Terms and Conditions
          Participants undertake not to support credit terms more favourable than
  those set out in this paragraph..
                                            13
 ---pagebreak---        Category A.   ten years at SDR-oased rate for recipient countries
                     classified in category III or respective CIRRs.
       Category B.   seven years at SDR-based rate for recipient countries
                     classified in category III or respective CIRRs.
       Category C.   five years at SDR-based rate for recipient countries
                     classified in Category III or res active CIRRs.
20.    Sales or Leases to Third Countries (relay countries)
       In cases where the aircraft are to be on-sold or on-leased to an
end-buyer or end-user in a third country, the interest rate "hall be that
applicable to the country of final destination.
21.    Matching Provisions
       In the event of officially supported competition, aircraft competing
with those from another category or chapter shall for a specific sale be able
to benefit from matching of the same export credit terms and conditions.
Before making the matching offer, the matching authority shall make reasonable
efforts to determine the export credit terms and conditions the competing
aircraft benefits from. The matching authority will be considered to have
made such reasonable efforts if it has informed by means ot instant
communication the authority assumed to offer the terms it intends to natch of
its intention to do so but has not been informed within three working days that
the terms it intends to match will not be used to support the transaction in
question.
22.    Insurance Premiums and Guarantee Fees
       Participants shall not waive in part or in total insurance premiums or
guarantee fees.
23.    Aid Credits
       There shall be no tied or partially untied aid credits (including tied
and partially untied grants) for any item covered by the Sector Understanding.
Participants shall not provide any other kind of financing on credit conditions
that are more favourable than those set out in this Sector Understanding (5) .
However, Participants shall consider sympathetically any requests for a common
line for tied or partially untied aid for humanitarian purposes.
                                       14
 ---pagebreak--- 24.    Consultation and Notification Procedures
       The procedures of the Arrangement shall apply to officially supported
export credits not in conformity with the terms of this Sector Understanding.
In addition, should any participant believe that another participant may be
offering an officially supported export credit not in conformity with this
Chapter without giving advance notice, consultations shall be held within ten
days upon request.
25.    Review
       The provisions of this Chapter are subject to review annually, normally
during the spring meeting of the Participants of the Arrangement. In the
review, the Participants will examine possible modifications of the provisions,
notably in order to bring them closer to market conditions. In addition, if
market conditions or customary financing practices change considerably, any
participant is entitled to ask for a special review of the provisions.
                                       15
 ---pagebreak---        CHAPTER III.   USED AIRCRAFT, SPARE ENGINES, SPARE PARTS, MAINTENANCE AND
                      SERVICE CONTRACTS
26.    Form and Scope
       This Chapter complements the Arrangement on Guidelines for Officially
Supported Export Credits. It sets out the particular complementing Guidelines
that are applicable to officially supported export credits financing contracts
for the international sale or lease of used aircraft; and of spare engines,
spare parts, maintenance and service in conjunction with both new and used
aircraft. It does not apply to hovercraft.
Provisions in Chapter I and II apply, except the following:
27.    Used aircraft
       Participants shall not support credit terms more favourable that those
set out in this Sector Understanding for transactions concerning new aircraft.
Notwithstanding these rules, the following applies to used aircraft:
       -- when official financing support is to be given, the minimum interest
           rate shall not be less than the relevant CIRR; and
       -- the participants    agree  that   the normal  repayment terms  for used
           aircraft are:
       Age (years!       Normal maximum repayment terms
                         Large Aircraft   Category A   Category B  Category C
         1                    10
         2                     9
        3                      8
         4                     7
    5-10                       6
      >10                      5
These terms should be reviewed       if the maximum    lengths of credit  for new
aircraft are changed.
                                          16
 ---pagebreak--- 28. Spare engines and spare parts
        The financing of these items when contemplated as part of the original
aircraft order may be on the same terms as for the aircraft, but in that case
will be provided as a function of the size of the fleet of each specific
aircraft type, including aircraft being acquired, aircraft already on firm
orders or aircraft already owned, on the following basis:
        -- for the first five aircraft of the type in the fleet: 15 per cent of
            the aircraft price (airframe and installed engines);
        -- for the sixth and subsequent aircraft of that type in the fleet:
            10 per cent of the aircraft price (airframe and installed engines).
        When these items are not ordered with the aircraft, participants may
offer official support for up to 5 years for new spare engines and up to
2 years for other spare parts.
        For new spare engines for large aircraft, Participants may exceed the
standard maximum repayment term of five years up to three years where the
transaction:
       a)   has a minimum contract value exceeding $20 million;  or
       b)   includes a minimum of four new spare engines.
The contract value should be reviewed every two years and adjusted for price
 escalation accordingly.
         Participants reserve the right to change their practice and match the
 practices of competing Participants in matters of detail relating to the timing
 of the first repayment with respect to spare engines and spare parts.
 29.    Maintenance and Service contracts
         Participants may offer official financing support with a repayment term
 of up to two years for maintenance and service contracts.
 30.     Consultation and Notification Procedures
         Transactions for used aircraft exceeding the normal repayment terms set
 out in paragraph 27, and up to the maximum allowable terms specified in
 paragraphs 3 b) and 19, as the case may be, of the Sector Understanding, shall
 be subject to prior notification according to paragraph 15 a) of the
 Arrangement. Paragraph 10 a) and 12 a) of the Arrangement shall apply to these
 repayments terms.
                                         17
 ---pagebreak--- 31.    Review
       The provisions of this Chapter are subject to review annually, normally
during the spring meeting of the Participants of the Arrangement. In the
review, the Participants will examine possible modifications of the provisions,
notably in order to bring them closer to market conditions. In addition, if
market conditions or customary financing practices change considerably, any
participant is entitled to ask for a special review of the provisions.
                                       18
 ---pagebreak---                           NOTES AND REFERENCES
1. The "currency cocktail" financing for the A 300 and A 310 consists of
   the following percentages of the following currencies:
   -- Deutschmark or ECU 40 per cent
   -- French franc or ECU 40 per cent
   -- UK pound sterling, or
       US dollar or ECU     20 per cent
   For the A 320, the "currency cocktail" consists of the following
   percentages of the following currencies:
   -- Deutschmark or ECU 33.7 per cent (provisional)
   -- French franc or ECU 40.0 per cent (provisional)
   --UK pound sterling, or
       US dollar or ECU     26.3 per cent (provisional)
2. At constant maturity, averaged over the previous two calendar weeks.
3. As published by the Luxemburg Stock Exchange -- long term bond series,
   averaged over the previous two calendar weeks.
4. For the operational purposes of this paragraph, it is understood that:
   -- the test sample will include only those cases in which the two
       financing options have been offered by at least one participant;
    -- the activation of an interest rate adjustment may take place only if
       66 per cent of sales of aircraft according to one option have been
       concluded under two or more separate transactions;
    -- the term "sales of aircraft" signifies that each separate aircraft
       sold is included in the sample.
5. Only untied grants are excluded from the ban on aid.
6. Best endeavours shall be made inter alia with respect to the
   willingness to respond favourably to the invitation by another
   participant to consult on possibilities of achieving conditions as
   close to the market as possible, for example in matching.
                                   19
 ---pagebreak---                                     APPENDIX
                               Illustrative List
       All other similar aircraft that may be introduced in the future shall
be covered by this Sector Understanding and shall be added to the appropriate
list in due course. These lists are not exhaustive and serve only to indicate
the type of aircraft to be included in the different categories where doubts
could arise.
LARGE CIVIL AIRCRAFT
             Manufacturer                    Designation
                Airbus                           A 300
                Airbus                           A 310
                Airbus                           A 320
                Airbus                           A 321
                Airbus                           A 330
                Airbus                           A 340
                Boeing                           B 737
                Boeing                           B 747
                Boeing                           B 757
                Boeing                           B 767
                Boeing                           B 777
                Boeing                           707, 727
                British Aerospace                RJ70
                British Aerospace                RJ85
                British Aerospace                RJ100
                British Aerospace                RJ115
                British Aerospace                BAe 146
                Fokker                           F 70
                Fokker                           F 100
                Lockheed                         L-100
                McDonnell Douglas                MD-80 Series
                McDonnell Douglas                MD-11
                McDonnell Douglas                DC-10
                McDonnell Douglas                DC- 9
                Lockheed                         L-1011
                                       20
 ---pagebreak--- CATEGORY A AIRCRAFT
       Turbine-powered aircraft -- including helicopters -- (e.g. turbo jet,
turbo-prop and turbo-fan aircraft), with generally between 30 to 70 seats. In
case a new large turbine-powered aircraft with over 70 seats is being
developed, immediate consultations shall be held upon request with a view to
agree on the classification of such an aircraft in this Category or in
Chapter I of this Understanding in view of the competitive situation.
                Manufacturer                    Designation
                Aeritalia                       G 222
                Aeritalia/Aérospatiale          ATR 42
                Aeritalia/Aérospatiale          ATR 72
                Aérospatiale/MBB                C160 Transall
                De Havilland                    Dash 8
                De Havilland                    Dash 7
                De Havilland                    Dash 5
                Boeing Vertol                   234 Chinook
                Broman (U.S.)                   BR 2000
                British Aerospace               BAe ATP
                British Aerospace               BAe 748
                British Aerospace               BAe Jetstream 41
                Canadair                        CL 215T
                Canadair                        RJ
                Casa                            CN235
                Dornier                          DO 328
                EH Industries                    EH-101
                Embraer                          EMB 120 Brasilia
                Fokker                           F 50
                Fokker                           F 27
                Fokker                           F 28
                Gulfstream America               Gulfstream 1-4
                 Saab                            SF 340
                 Saab                            2000
                 Short                           SD 3-30
                 Short                           SD 3-60
                 Short                           Sherpa
                 etc.
                                       21
 ---pagebreak--- CATEGORY B AIRCRAFT
       Other turbine-powered aircraft, including helicopters
                Aérospatiale                    AS 332
                Beech                           1900
                Beech                           Super King Air 300
                Beech                           Starship 1
                Bell Helicopter                 206B
                Bell Helicopter                 206L
                Bell Helicopter                 212
                Bell Helicopter                 412
                Bell Helicopter                 214
                British Aerospace               BAe Jetstream 31
                British Aerospace               BAe 125
                British Aerospace               BAe 1000
                Raytheon Co. Jets Inc.          Hawker 1000
                British Aerospace               BAe Jetstream Super 31
                Canadair                        Challenger 601
                 Canadair                       CL 215 (water bomber)
                 Casa                           C 212-200
                 Casa                           C 212-300
                 Cessna                         Citation
                "Cessna                         441 Conquest III
                 Claudius Dornier               CD2
                 Dassault Breguet               Falcon
                 Dornier                        Do 228-200
                 Embraer                        EMB 110 P2
                 Embraer/FAMA                   CBA 123
                 Fairchild                      Merlin/300
                 Fairchild                      Metro 25
                 Fairchild                      Metro III V
                 Fairchild                      Metro III
                 Fairchild                      Metro III A
                 Fairchild                      Merlin IVC-41
                 Gates Learjet                  20, 30 and 55 series
                 Gulfstream America             Gulfstream III and IV
                 IAI                            Arava 101 B
                 Mitsubishi                     Mu2 Marquise
                 Piaggio                        P 180
                 Pilatus Britten-Norman         BN2T Islander
                 Piper                           400 LS
                 Piper                          T 1040
                 Piper                           PA-42-100 (Cheyenne 400)
                 Piper                           PA-42-720 (Cheyenne III A)
                 Piper                          Cheyenne II
                 Reims                          Cessna-Caravan II
                 SIAI-Marchetti                  SF 600 Canguro
                 Westland                       W30
                 etc.
                                        22
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