James Uniacke appointed as head of asset management

The International Bureau of Aviation (IBA) has
announced the appointment of James Uniacke as the head of asseet management at
the company. He will be responsible to lead an develop its managed aircraft
portfolio.

James joins IBA after 23 years experience gained in a
variety of aircraft asset management and remarketing roles at Focus Aviation,
most recently holding the position of head of asset management. 

He was responsible for successfully completing a
number of difficult and complex asset management projects at Focus
Aviation.  This experience included setting up and leading the asset
management team which executed the highly successful long-term work-out of the US$600m
Central Air Leasing portfolio of 15 MD-11 aircraft, on behalf of a syndicate of
leading banks, following the demise of Swissair. Work included the structuring
and management of 22 interim leases to 4 lessees on 4 continents, completion of
4 freighter conversions and 33 engine shop visits and the eventual sale of all
15 aircraft into a strong market.

Phil Seymour, president and chief operating officer of IBA said “We are
very pleased to have secured James’ services at a time when our fleet of managed
aircraft is growing and there are so many opportunities in the market for
further growth.”