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Review of EXIM’s Concentration Risk in Aircraft Industry Sector

Report Information

Date Issued
Report Number
OIG-SR-26-01
Report Type
Review
Special Project
Pandemic
Joint Report
No
Agency Wide
Yes (agency-wide)
Questioned Costs
$0
Funds for Better Use
$0
View report on Oversight.gov

Recommendations

  • Recommendation #1

    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.

  • Recommendation #2

    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.

  • Recommendation #3

    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.