PRESS RELEASE

27 January 2005

debis AirFinance Has Delivered Airbus A320 to Irish Start-Up Eirjet

debis AirFinance, one of the world's largest aircraft leasing and asset management companies, announced today that it has placed an Airbus A320-200 aircraft with Eirjet, a new charter airline based at Shannon Airport in Ireland. The aircraft is owned by AerCo, an aircraft securitisation vehicle, which currently owns a portfolio of 60 modern commercial jet aircraft and for which debis AirFinance acts as servicer and administrative agent.

Eirjet will operate flights from Dublin and Shannon airport serving the Irish sun holiday market. The airline plans to develop a secondary wet lease business providing capacity for other airline operators.

Paul Schütz, Managing Director of Eirjet commented:

“We are very pleased to have leased our first aircraft of many from our Shannon neighbours, and appreciate the support from the debis AirFinance team in getting Eirjet airborne.”

Anil Mehta, Executive Vice President of debis AirFinance said:

“With our second largest office located at Shannon Airport in Ireland, we are delighted to support airlines like Eirjet who will contribute to the development of the Shannon area.”

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.

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