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EANS-News: Air Berlin PLC
Lionhart buys four used A320 aircraft from Air Berlin

London/Berlin (euro adhoc) -

  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
Company Information
The Canada-based company Lionhart
Aviation Limited (Lionhart) has announced the purchase of four Airbus
A320s from Air Berlin, Germany's second largest airline. The plan is 
for two aircraft to be leased to Virgin America Inc. and two to 
Azerbaijan Airlines immediately after the transfer. The deal is 
likely to be concluded in April 2010.
"We are looking forward to finalising our first transaction with 
Lionhart. This deal rein-forces belief in our policy of constantly 
maintaining a modern fleet and upgrading the Air Berlin fleet 
accordingly. We hope to build on the relationship between our two 
companies in the future. The sale of the four Airbus A320s means a 
considerable reduction in net liabilities for Air Berlin. This is of 
great importance to us", said Ulf Hüttmeyer, CFO at Air Berlin.
"We believe that this transaction represents the beginning of many 
opportunities for cooperation and further deals with Air Berlin. 
Against the background of our efforts to build up an operating-lease 
portfolio of the highest quality, we consider Air Berlin´s 
diversified fleet of first-class commercial aircraft an extremely 
interesting environment. We are pleased to be working in partnership 
with Air Berlin and look forward to a long-lasting relationship that 
is profitable for both parties", commented Steven Layne, EVP 
Lionhart.
About Lionhart Aviation Lionhart Aviation Limited has its 
headquarters in Toronto (Canada) and is run by a team of avia-tion 
experts with many years of experience. Lionhart is focused on 
developing a portfolio of high-value operating leases as assets. 
Lionhart is therefore in a position to offer a unique solution for 
combining infrastructure and project financing with the flexibility 
of this popular leasing structure. Founded on private equity, 
Lionhart subscribed to an aggressive growth strategy for 2010 by 
concentrating on creating high-value assets in the form of both new 
and used commercial aircraft and unique investment options.
About Air Berlin Air Berlin is Germany´s second largest airline. The 
group has been listed on the stock exchange since May 2006. Last year
Air Berlin carried a total of 27.9 million passengers worldwide. The 
company currently has approx. 8,200 employees. Every year Air Berlin 
receives more than 10 awards for service and quality. With an average
age of just 5.5 years, Air Berlin has one of the newest fleets in 
Europe. Air Berlin´s modern aircraft are extremely fuel-efficient, 
thereby provid-ing a lasting contribution to the reduction of 
aviation emissions.
For further information please contact:
Steven Layne
EVP Lionhart Aviation Limited
Tel.: 001 720 201 - 9911
E-mail:  slayne@lionhart.bz
end of announcement                               euro adhoc

Further inquiry note:

Hans-Christoph Noack
Director Corporate Communications Air Berlin
Tel.: +49 30 3434 1500
Fax: +49 30 3434 1509
E-mail: abpresse@airberlin.com

Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: SDAX, Classic All Share, Prime All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade

Plus de actualités: Air Berlin PLC
Plus de actualités: Air Berlin PLC