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 to 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