Thu, Jul 15, 2010
International Bureau Of Aviation Will Provide Inspections,
IBA is one of three firms to be 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 has 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.
- Perform technical audits on, aircraft and records.
- 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."
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