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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Source : International Bureau of Aviation