DVB Bank SE

EANS-News: DVB Bank SE
Deucalion Fund has taken delivery of the first of three A330-300 aircraft acquired from Penerbangan Malaysian Berhad


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Company Information


Frankfurt am Main (euro adhoc) - DVB Bank SE ("DVB"), the Frankfurt-based bank
which specialises in transport finance, today announces the delivery of the
first A330-300 aircraft out of three acquired from Penerbangan Malaysian Berhad
("PMB") by Deucalion Capital II Limited / A330 Parts Ltd, which is one of the
aviation investment funds advised by DVB.

The aircraft (MSN 073, 1995 vintage), equipped with two 100-inch PW4168 engines,
has been delivered in Tupelo, Mississippi, with the ferry flight performed by
Malaysia Airlines. The aircraft and engines are being consigned by Deucalion
Capital II Ltd / A330 Parts Ltd to Universal Asset Management ("UAM") and Total
Engine Support ("TES"). This is one of the first PW powered A330-300s to be
disassembled for spare parts.

Deucalion Capital II Ltd / A330 Parts Ltd has contracted to acquire two more
1995 vintage A330-300 aircraft (MSNs 069 and 100), each also equipped with two
100-inch PW4168 engines from PMB over the next several months. All three A330
aircraft had been on long term lease to Malaysia Airlines.

Deucalion Aviation Funds are actively managed closed-end funds advised by DVB
which act as the investment vehicles through which DVB and third party investors
invest in aviation equity investments. 

For further information, please contact: 

Stephan Sayre, Managing Director, DVB Bank SE, Aviation Investment Management
Phone +44 20 7256 4344, Fax +442072564593
stephan.sayre@dvbbank.com

Note to editors:
DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist
in the international Transport Finance business. The Bank offers integrated
financing solutions and advisory services in respect of Shipping Finance,
Aviation Finance, and Land Transport Finance. DVB is present at key
international financial centres and transport hubs: at its Frankfurt/Main head
office, as well as various European locations (Athens, Bergen, Hamburg, London,
Oslo, Rotterdam and Zurich), plus offices in the Americas (New York City and
Curaçao) and in Asia (Singapore and Tokyo). DVB Bank SE is listed at the
Frankfurt Stock Exchange (ISIN: DE0008045501).


Further inquiry note:
Prof. Dr. Borislav Bjelicic
DVB Bank SE, Group Corporate Communications
Platz der Republik 6, 60325 Frankfurt/Main, Germany
Phone +49 69 9750 4390, Fax (0 69) 9750 4333
borislav.bjelicic@dvbbank.com, www.dvbbank.com

end of announcement                               euro adhoc 
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company:     DVB Bank SE
             Platz der Republik 6
             D-60325 Frankfurt am Main
phone:       +49 (0)69 9750-40
FAX:         +49 (0)69 9750-4444
mail:     info@dvbbank.com
WWW:      http://www.dvbbank.com
sector:      Banking
ISIN:        DE0008045501
indexes:     
stockmarkets: free trade: Düsseldorf, Stuttgart, regulated dealing/general
             standard: Frankfurt 
language:   English
 

 

 



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