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Export-Import Bank of the United States OIG
Review of EXIM’s Concentration Risk in Aircraft Industry Sector
Full Details:
Oversight.gov Report Page for Review of EXIM’s Concentration Risk in Aircraft Industry Sector
Review |
1 - Open
The Transportation Division should bring its policy and practices related to legal environment assessments for asset-backed transactions in alignment either by updating the policy to reflect actual practices or by enforcing practices required by the current policy.
2 - Open
The Asset Management Division should bring its policy and practices related to collateral value assessment for agricultural aircraft transactions in alignment either by updating the policy to reflect actual practices or by enforcing practices required by current policy.
3 - Open
The Transportation Portfolio Monitoring Division should implement a periodic inspection schedule and coordinate with the borrowing airlines to assess use, condition, and maintenance records that help preserve the value of EXIM’s collateral.