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PRESS RELEASE                                                                         

31 July 2003

           

                                                                                 

debis AirFinance Places Three Dornier 328 Turboprops With New Customer Great Plains Airlines

 

debis AirFinance, one of the world's largest aircraft leasing and asset management companies, has closed an operating lease agreement for three Dornier 328-100s with Great Plains Airlines, a regional carrier based in Oklahoma, US. The first aircraft (MSN 3010) was delivered to the airline on 2 July, the second aircraft (MSN  3013) on 23 July 2003. The aircraft will enter into service upon completion of a maintenance and refurbishment programme. Great Plains Airlines will phase in the third aircraft in early fall.

Great Plains Airlines is a new customer for debis AirFinance. 

The three Dornier 328s are part of a portfolio of 41 Dornier 328-100s that debis AirFinance manages for a third party. debis AirFinance started servicing the portfolio in February this year and provides a full range of management services for the fleet including aircraft remarketing, contract management, technical monitoring and receivables management. 

“The lease costs for the turboprops are very competitive compared to regional jets with the same range and capacity”, said Klaus Heinemann, Chief Executive Officer of debis AirFinance. “Great Plains’ decision to extend their fleet with D328s is further evidence of the continuing demand for this aircraft type. We are pleased to have the opportunity to support the airline’s development in this highly competitive environment.”

 

About debis AirFinance

debis AirFinance offers a comprehensive suite of innovative services to third party aircraft owners, in particular financial institutions, US tax lease investors and securitisation vehicles. These services include all aspects of aircraft lease marketing and sales, technical and lease management, accounting, financial reporting and treasury services as well as special services for aircraft securitisations (AerCo, Airplanes Group). The company has a total fleet of over 250 jets and turboprops (Boeing/ MDC, Airbus, Fokker, Dornier, ATR, DHC) of which 50% are managed on behalf of third parties. In addition, debis AirFinance provides cash management and administrative services for another 200 aircraft. The company, headquartered at Amsterdam's Schiphol Airport, has 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