IBA Group completes sale of Boeing NG aircraft for part-out

The first Boeing NG aircraft, a 1999 vintage B737-600, has been sold to CT Aerospace for part-out. The aircraft is currently being dismantled at Cotswold Airport in Gloucestershire. The aircraft, formerly owned by FlyGlobespan who entered Administration in December 2009, had recently been returned off a sub-lease from Midwest Airlines in Egypt. PricewaterhouseCoopers, the Joint Administrators of the FlyGlobespan Group of Companies, appointed IBA Group in February 2010 as Advisers and to manage and exclusively remarket the aircraft.