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PRESS RELEASE

 

                                                                                  Amsterdam, 24 February 2003

 

 

debis AirFinance Has Closed Fleet Management Agreement
For 41 Dornier Aircraft

debis AirFinance, one of the world leaders in aircraft leasing, financing and asset management, announced today that is has signed a service agreement with                 Wings Aircraft Finance for the lease management of 41 Dornier 328-110 turboprops. debis AirFinance started servicing the portfolio, which is currently on lease to two airlines in the US, on 1 February 2003.

Under the terms of the agreement, debis AirFinance will provide the complete management of the lease portfolio including aircraft remarketing, contracts management, technical monitoring and receivables management. 

The service agreement now closed increases the total owned and managed fleet of debis AirFinance to 250 aircraft (Boeing incl. MDC, Airbus, Fokker, Dornier, ATR, DHC). debis AirFinance provides aircraft leasing and financing to airlines and asset management services to third parties such as investors and banks. The company, headquartered at Amsterdam's Schiphol Airport, enjoys a worldwide presence with other offices in Shannon (Ireland) and Fort Lauderdale (United States).

 

For further information please contact:

Frauke Oberdieck

debis AirFinance

Corporate Communications

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