The International Bureau of Aviation (IBA Group) has sold an Embraer ERJ-145EP, with MSN 145113, on behalf of London-based Continuity Air Finance.
The 1999-vintage aircraft was bought by Regional One of Florida, which will place the aircraft into operation with an European lessee.
The aircraft was formerly operated by City Airlines in Sweden, which during the course of the remarketing period, 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.
"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," says IBA Group's head of aircraft transaction management Adrian Lee.