PRESS RELEASE

 

6 July 2004

 

 

debis AirFinance Has Closed Purchase and Leaseback for Two New Airbus A321s with Asiana Airlines

 

debis AirFinance, one of the world's largest aircraft leasing and asset management companies, announced today that it has signed an agreement with South-Korean Asiana Airlines to purchase two new Airbus A321-200 and lease them back to the airline on operating lease. Asiana Airlines, a member of the Star Alliance network of airlines, took delivery of the first aircraft on
25 June 2004. The second plane is scheduled for delivery in September 2004.

 

Including the two aircraft now contracted with Asiana Airlines, debis AirFinance will have a total of three Airbus A321 aircraft on lease to Asiana.

 

Klaus Heinemann, Chief Executive Officer of debis AirFinance, said: “We have a long-standing relationship with Asiana Airlines dating back to the early 1990s through our servicer function for the aircraft securitisation vehicle AerCo. We are happy to have the opportunity to continue our support of Asiana Airlines and assist them in their fleet modernisation programme.”

 

Chan Bup Park, President of Asiana Airlines stated “Since we made our first business transaction with debis AirFinance, through AerCo, in the early 1990s, debis AirFinance and Asiana have enjoyed a mutually beneficial business relationship, and it is my hope that we may continue to expand this relationship in the future.”

 

About debis AirFinance

debis AirFinance provides aircraft leasing to airlines and asset management services to third parties such as investors and banks. The company has a total owned and managed fleet of over 250 jets and turboprops (Boeing/ MDC, Airbus, Fokker, Dornier, ATR, DHC). debis AirFinance, headquartered at Amsterdam's Schiphol Airport, has a worldwide presence with offices in Shannon, Ireland and Fort Lauderdale, Florida/United States.

 

About Asiana Airlines

Seoul-based Asiana Airlines was established in 1988 and operates a fleet of 62 aircraft with additional 18 aircraft on order. The carrier has recently started a major fleet modernisation programme that includes replacing older Boeing 737s with A320 family aircraft.

 

 

For further information on debis AirFinance please contact:

 

Frauke Oberdieck      

 

Corporate Communications

 

debis AirFinance

Evert van de Beekstraat 312

Tel.: +31 20  655 9616

1118 CX Schiphol Airport Amsterdam

Fax: +31 20 655 9100

The Netherlands

Email: foberdieck@debisairfinance.com

www.debisairfinance.com