Babcock & Brown Aircraft Management Leases Aircraft to Three Airlines

SAN FRANCISCO, March 31 /PRNewswire/ -- Babcock & Brown Aircraft
Management LLC, the world's fifth largest lessor of commercial aircraft, today
announced it has leased aircraft to three airlines.
Norwegian Air Shuttle, based in Norway, leased one ex-Air Europa Boeing
B737-800 for a term of seven years. The aircraft, MSN 30785, is powered by
CFM56-7B26 engines. It also took delivery of one new Boeing B737-800 with a
lease term of seven years. The aircraft, MSN 34954, is powered by CFM56-7B26
engines. Both aircraft were delivered in February 2008.
SpiceJet, based in India, took delivery of one new Boeing B737-800 with a
lease term of eight years. The aircraft, MSN 34955, is powered by CFM56-7B24
engines. It was delivered in February 2008.
British Midland, based in England, extended their lease of one Boeing
B737-300 for a term of five years. The aircraft, MSN 24963, is powered by
CFM56-3C1 engines. The lease was extended in February 2008.
About Babcock & Brown Aircraft Management
Babcock & Brown Aircraft Management LLC (BBAM) manages the world's fifth
largest commercial jet fleet by value and has over 17 years of experience in
aircraft origination and disposition, remarketing, leasing and technical
management. BBAM, a division of Babcock & Brown, serves as an aircraft lessor,
lease manager and remarketing agent. BBAM has a fleet of over 270 commercial
aircraft with a total value of more than $7.3 billion that are leased to 72
airlines in 31 countries around the world.
About Babcock & Brown
Babcock & Brown is an international investment and specialized fund and
asset management group with longstanding capabilities in structured finance
and the creation, syndication and management of asset and cash flow-based
investments. Babcock & Brown was founded in San Francisco in 1977 and is
listed on the Australian Securities Exchange.
Babcock & Brown operates from 30 offices across Australia, North America,
Europe, Asia, United Arab Emirates and Africa and has in excess of 1,400
employees worldwide. Babcock & Brown has four operating divisions including
real estate, infrastructure, operating leasing, corporate and structured
finance.
The company has established a funds management platform across the
operating divisions that has resulted in the creation of a number of focused
investment vehicles in areas including real estate, renewable energy and
infrastructure. For further information about Babcock & Brown please see our
website: http://www.babcockbrown.com.
Further Information:
Matt Dallas
Babcock & Brown
212-796-3918
matt.dallas@babcockbrown.com

SOURCE Babcock & Brown Aircraft Management LLC

Matt Dallas of Babcock & Brown, +1-212-796-3918, matt.dallas@babcockbrown.com