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PRESS RELEASE

14 July 2003 

                                                                                 

 

Islandsflug Leases Second Airbus A300 Freighter from debis AirFinance

 

debis AirFinance, one of the world's largest aircraft leasing and asset  management companies, has placed a second Airbus A300C4-600R Variant F (MSN 758) on operating lease with Islandsflug h/f. With this new delivery Islandsflug leases a total of three aircraft from debis AirFinance, one B737-300 and two A300-600 freighters.

 

Klaus Heinemann, Chief Executive Officer of debis AirFinance, said: “This placement of a widebody freighter shows growing confidence in the air cargo sector. We are pleased to assist a successful operator such as Islandsflug in expanding their fleet.”

 

Islandsflug based at Reykjavik Airport will wet-lease the aircraft to AHK Air Hong Kong LTD, which is a joint venture between Cathay Pacific and DHL. 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, one A310-300 Freighter and seven 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, enjoys a worldwide presence with offices in Shannon, Ireland and Fort Lauderdale, Florida/United States.

 

For further information 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