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

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
Date: Jul 4, 2013