IBA Group, the Crawley, UK-based independently-owned aviation consultancy, has opened an office in Dubai in response to growing demand for its expertise from the region. IBA Group has already advised and is working with many banks, several start up airlines, existing operators, MRO's and in particular new investors in the region.
"The Middle East is a booming market - with more and more new start airlines and private jet companies coming into the region. Financial institutions, banks and leasing companies are looking for independent and technical advice to help their clients realise their plans and this is where IBA Group fits in," said IBA Managing Director Phil Seymour. IBA is getting approaches on two levels - from the international financing fraternity it has supported and advised for nearly 20 years - and directly from Middle Eastern entrepreneurs fronting new aviation ventures. "It made commercial sense to establish a base in Dubai and provide a constant presence in the region." Phil Seymour and IBA Group Sales Director Terry Fox will be attending the Dubai Show this week.
IBA's office is at the city heart of Dubai at Emirates Tower on the Sheikh Zayed Road. It has committed to this venture in conjunction with the Farnborough Aerospace Consortium (FAC). Further consolidating its link with FAC, IBA will be exhibiting for the first time at the Dubai Airshow on the FAC stand in the UK Pavilion (Stand No W332F).
IBA is doing considerably more work in corporate aviation with a number of new projects close to fruition and the handling of a sizeable amount of UK CAA E3 certification work, involving overseas registered private jets coming onto the UK register. It recently advised Merrill Lynch Global Structured Finance & Investment, acting as asset manager on a corporate aircraft secured financing facility.
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Editors Notes
- London Gatwick-based IBA Group, founded in 1988, has wide ranging expertise in all technical aspects of aircraft, including spares and engines. It offers a full range of commercial business and asset valuation support services. IBA is an approved organisation for transfer of registry work, acting as an intermediary to assist clients wishing to bring aircraft on to another registry.
- In summer 2002, IBA's Technical Department became the first independent non-airline/maintenance organisation to obtain UK CAA E3 approval, enabling it to transfer aircraft on to the UK register. IBA also provides asset and records inspections enabling it to issue a Certificate of Conformity. It also offers Expert Witness representation, providing an independent and considered view in the course of dispute resolution.
- Over half of IBA's clients are from the two historically largest markets of Europe and North America with new clients emerging from the Pacific Rim, South Pacific, Africa and especially the explosive growth regions of Asia and the Middle East.
- IBA Group's services are in high demand from leasing companies and financial institutions. Government agencies, airlines, manufacturers and suppliers and banks and financial institutions also regularly turn to IBA for industry expertise.
- IBA produces a number of aviation publications - the annual Engine Values Book; the quarterly Maintenance Cost Journal and IBA's industry standard Lease Rate Digest and Aircraft Values Book, which are both published biannually.
For more information, please contact:
Alison Chambers
Emerald Media
Tel: +44 7721 882939
© Press Release 2007
