IBA is one of three firms awarded a new 5-year contract by Ex-Im Bank, to provide aircraft inspections and airline oversight across its portfolio of commercial and corporate aircraft and helicopters. The award also covers the provision of aircraft appraisals and training services. IBA have now held this prestigious contract continuously for the past fifteen years.
The award, which has a maximum potential value of $1.2 Million, requires IBA:
• to visit airlines as directed by Ex-Im Bank
• to perform technical audits on, aircraft and records and
• complete operational performance reviews of airlines
• In the event of airline default or bankruptcy, IBA is also required to provide rapid response teams to manage Ex-Im’s interests and protect the aircraft.
As ISTAT Certified Appraisers, IBA is expertly qualified to support Ex-Im Bank’s requirements for aircraft valuations covering all US-manufactured commercial and corporate aircraft and helicopters as well as engines and spare parts.
Owen Geach, Commercial Director for IBA and contract relationship manager for Ex-Im Bank stated “We are very proud to have been once again selected by Ex-Im Bank to provide technical support and related support services. This bears testimony to our ability to provide comprehensive asset management services to the aviation industry and at times in challenging situations.”
The International Bureau of Aviation (IBA) was established in 1988 to provide independent expert business analysis to the aviation industry. IBA advises commercial and business aviation clients, aircraft/engine manufacturers and operators. Services include asset valuations, technical and engine management, consulting and commercial services, industry and sector research and analysis. Please visit www.ibagroup.com.
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