BarCap appoints Sbai to consolidate aircraft financing

Barclays Capital has appointed Abdellah Sbai as director and head of aircraft finance, a newly created position based in London.

The role creates a dedicated department for aircraft finance, previously part of the structured trade and export group. Sbai will focus on structuring and executing debt and risk management products.

Sbai joins after 16 years at Airbus, where he worked most recently as vice-president of sales for North Africa and the Middle East. He reports to Michael Raynes, director and head of structured trade and export finance.

BarCap has been active in aircraft financing since 1993. So far this year it has financed 34 aircraft with a total value of $1.4 billion.