B&B Air to acquire five aircraft

Babcock & Brown Air Limited has acquired five additional aircraft, increasing its portfolio to a total of 59 acquired and committed aircraft. The five new aircraft include:

— One Airbus A319-112 on lease to Virgin America (US)

— One Airbus A330-200 on lease to LTU (Germany)

— Two Boeing 757-200s on lease to Icelandair (Iceland)

— One Boeing 777-200ER on lease to KLM (Netherlands)

The five aircraft, on lease to four airlines in two continents, cost approximately $265 million. The acquisitions are being funded from the Company’s five-year, $1.1 billion acquisition credit facility. When combined with the seven purchases announced in December 2007, B&B Air’s acquisitions now total $513 million since the company completed an IPO on the NYSE in September 2007.

Email Post to a Friend Email Post to a Friend

Leave a Reply