16th October, 2020: The Commercial Aircraft Corporation of China (COMAC) has appointed IBA as the appraisal firm for its ARJ21 programme.
The ARJ21 is a 78-95 seat regional jet that first entered commercial service with Chengdu Airlines in 2016. Today, 34 ARJ21 aircraft are in service, operated by Air China, China Eastern Airlines, China Southern Airlines, Chengdu Airlines, Genghis Khan Airlines and Jiangxi Air, on both domestic and international routes.
Phil Seymour, President of IBA, says: "This partnership with China's flagship aircraft manufacturer is testament to the world-leading appraisal and valuations practice we have established at IBA. We look forward to developing a strong and longstanding working relationship with COMAC in the coming months."
Brian Zhang, GM, Sales & Marketing Dept, COMAC comments: "IBA's highly-qualified team, in-depth understanding of our aircraft programme and the market in which it operates, makes them an ideal partner for us as we continue to develop our successful ARJ21 programme."
IBA was named 'Appraiser of the Year' in the Aviation 100 Awards in 2012, 2018 and 2020. Its expert valuations team includes six ISTAT qualified appraisers, who combine specialist expertise with extensive commercial and industry experience.
IBA has over 30 years' experience in delivering independent, expert business analysis and
data on the aviation sector. Established in 1988, it provides a wide range of services including InsightIQ, the leading platform for aviation intelligence, advisory, asset valuations, asset management, industry and sector research and analysis. IBA advises prominent investment funds and banks, aircraft leasing companies, operators, manufacturers and MROs. In January 2020, IBA was named 'Appraiser of the Year' by Airline Economics.
The global aviation marketplace will continue to encounter stress and multiple challenges in 2020 and beyond. Join IBA, the 2020 Appraiser of the Year, for a Market Update as we uncover, discuss and predict market trends across the industry and aviation finance. This webinar is a must for the aviation community looking for comprehensive, accurate and up to date market insight. Topics covered include:• The changing face of Airline fleets• Possible Airline Failures• How are fleets being deployed• Will the MAX make a strong recovery?• OEM update• What are the changing trends in retirements• Transitional activity - trading sales and capital activity• What to expect in IBA's next major value update The slide deck is available to download here. If you have further questions please contact: Phil Seymour