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PRESS RELEASE

13 January 2004

 

debis AirFinance Builds on Islandsflug Relationship and Delivers Boeing 737-300 QC

 

debis AirFinance announced today that it has placed a B737-300 (MSN 24021) on a medium term operating lease with Islandsflug h/f. The aircraft was delivered to the Reykjavik-based carrier in a Quick Change (QC) configuration with a cargo door and seats on pallets. This configuration meets with Islandsflug’s requirements for aircraft flexibility to operate for third parties in both the passenger and cargo transport sectors.

 

The newly delivered aircraft takes the number of planes that debis AirFinance has placed on lease with Islandsflug to a total of four: two A300-600 freighters and two B737-300s.

 

“We are very pleased to further strengthen our relationship with Islandsflug”, said Klaus W. Heinemann, Chief Executive Officer of debis AirFinance. “It shows our ability to identify growing airlines and to work closely with them to meet their fleet expansion requirements.”

 

The aircraft is owned by AerCo, an aircraft securitisation entity which holds a portfolio of 60 aircraft. debis AirFinance acts as servicer for AerCo.

 

About  Islandsflug

Islandsflug has shown steady growth since the inception of its business in 1991 adding one or more aircraft per year. The operator’s core business is ACMI Leasing (Aircraft, Crew, Maintenance and Insurance) for jet aircraft. The present fleet consists of four A300-600R Freighters, two
A310-300 Freighters and eight Boeing 737-300 and -400. The airline is both dedicated to passenger and freight flights.

 

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 Islandsflug please contact:

 

Einar Birgisson

 

Marketing

 

Íslandsflug hf.

Hlídasmari 15

Tel.: +354 570 8030

201 Kópavogur

Fax: +354 570 8031

Iceland

Email: islandsflug@islandsflug.is

www.islandsflug.is

 

 

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