The International Bureau of Aviation (IBA) has today announced a new investor in the business following the retirement of Laurie Hatcher, Chairman and Founder of the Company. The new IBA shareholder, Hockley Investments Limited, will be a long term partner supporting future growth and development of the business. With immediate effect, management changes see Phil Seymour step up to the position of Chief Executive Officer. Phil will lead the business alongside Steve Fisk, now Chief Operating Officer, Owen Geach, now Chief Commercial Officer, and Stuart Hatcher, now Chief Intelligence Officer.
Retiring Chairman and Founder, Laurie Hatcher, stated: “When I set up IBA in 1988 to provide technical advice and appraisals to the aviation industry, I hoped it was the right service at the right time. Seeing the business succeed over the last 27 years has shown it was, and what a fantastic journey it’s proved to be. We have built relationships all over the world with a broad range of aviation investors and businesses. Now that it is time for me to step back, I hand over the reins to a great team who I know will continue the success of the business.”
Hockley commented "IBA presented a unique investment opportunity for us to partner with an experienced management team in a vibrant and challenging sector. IBA are renowned for their insight and professional expertise, and we are inspired to be part of the team that will lead the business on its new growth trajectory.”