PRESS RELEASE

13 September 2004

debis AirFinance Places Two New Airbus A320s on Lease with New Customer Bangkok Airways

debis AirFinance, one of the world's largest aircraft leasing and asset management companies, announced today that it has placed two new Airbus A320-200 aircraft with Bangkok Airways under an operating lease contract. The first aircraft was delivered to Bangkok Airways at the Airbus facilities in Toulouse on 10 September with the second delivery scheduled for November 2004.

Both A320s are powered by IAE V2527-A5 engines and feature a 162-seat all economy configuration. The aircraft are equipped with the most spacious single aisle cabin layout available in the market and the latest Thales In-Flight-Entertainment (IFE) system.

Bangkok Airways will use the aircraft to develop its international network. The aircraft will be used to operate flights to the Maldives, one of the most popular beach destinations in the Indian Ocean as well as other exotic destinations in China which is the airline’s focusing market.

Klaus Heinemann, Chief Executive Officer of debis AirFinance, said:

“We are very pleased to be selected by Bangkok Airways to provide the first Airbus aircraft for their fleet and to contribute to the successful expansion of their operations. Bangkok Airways has been in business for more than three decades and is known for being “Asia’s Boutique Airline”, with emphasis on high quality service. We are proud to welcome them to our strong Asian customer base, which now comprises of 20 airlines.”

Bangkok Airways currently operates a fleet of four 717-200s and nine ATR 72s serving 16 destinations in seven countries (Thailand, Cambodia, China, Laos, Singapore, Myanmar and the Maldives). With the introduction of three new A320s, the airline will increase its passenger capacity from 1.7 million by the end of its 2004 fiscal year to surpassing 2 million passengers and will expand its network to destinations with longer range.

Prasert Prasarttong-Osoth, President & Chief Executive Officer of Bangkok Airways said: “We are very pleased to have the new A320 as an addition to our current fleet. With its state of the art technology and comfort, it will enhance the airline’s future growth.”

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) leased to 85 airlines in 45 countries. debis AirFinance, headquartered at Amsterdam's Schiphol Airport, has a worldwide presence with offices in Shannon, Ireland and Fort Lauderdale, Florida/United States.

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