IBA announce sale of Embraer ERJ-145EP on behalf of Continuity Air Finance

The International Bureau of Aviation, IBA Group, is pleased to announce it has successfully placed, through outright sale, an Embraer ERJ-145EP, with MSN 145113, on behalf of London-based client Continuity Air Finance.

Built in 1999, the Embraer ERJ-145EP was formerly operated by City Airlines in Sweden. During the course of the remarketing period City Airlines ceased operations. On behalf of the owner, IBA Group successfully managed the repossession of the aircraft and its records in an efficient and professional manner, enabling Continuity Air Finance to fully to recover its asset.

This sale further strengthens the capabilities of IBA in the aircraft remarketing sector and demonstrates the value of its broad range of capabilities. Adrian M Lee, Head of Aircraft Transaction Management at IBA, comments “We were delighted to have concluded this sale on behalf of such a respected and well-known leasing company. In particular, coming nine years after I completed the first ever secondary market sale of an ERJ aircraft, this demonstrates a consistent record of success in a challenging sector.”

The aircraft was bought by Regional One in Florida, USA who will place the aircraft into operation with a European lessee.