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Tuesday, Sept 26, 2017

IBA Manages the Transition of 1st A340-600 Aircraft into the Secondary Market

  • IBA has completed the transition of an ex-Virgin Atlantic A340-600 aircraft into Hi-Fly Malta.

The aircraft is the first of its type to transition into the secondary market following its redelivery from Virgin last year.  IBA acted as Technical Adviser to a syndicate of banks during both the original redelivery from Virgin and for the delivery to Hi -Fly.

A spokesman for IBA said “We are very pleased to have been able to complete this delivery against a tight timeframe to the Maltese Operator in time for their peak season requirements.  It has been a difficult process and one that has required a high degree of both technical and commercial expertise from our in-house team.” A spokesman for the syndicate of banks said, “IBA did an excellent job advising the banks in the delivery process.”

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