Press Release

Issued by IBA Group.

July 2, 2007

The IBA Group, the UK independent aviation consultancy, today announced that it has been appointed by Merrill Lynch Global Structured Finance & Investment to act as asset manager on its most recent corporate aircraft secured financing facility.

London Gatwick-based IBA was founded in 1988 and has wide ranging expertise in all technical aspects of aircraft, including spares and engine management.  In this new role, IBA will be responsible for regular monitoring of aircraft utilisation, reporting on various aspects of maintenance and operational compliance and providing evaluations on a regular basis.

"This is a really exciting appointment for us and is further testament to the development and growth that we have seen throughout our business over the last year.   The platform that we have established for corporate aircraft lease management services now moves into the second phase," said IBA Group Managing Director, Phil Seymour.