EANS-News: DVB´s Aviation Asset Management team secures B777-200ER aircraft remarketing mandate

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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Frankfurt am Main (euro adhoc) - DVB´s Aviation Asset Management business has
announced today that it has secured an exclusive mandate to re-market three
Boeing 777-200ER aircraft on behalf of the flag carrier Egyptair. The mandate
secured against tough competition from many other leading third party aircraft
remarketing organisations, covers three B777-200ER aircraft manufactured in
1997, each powered by two P&W 4090 engines. The aircraft, which are operating on
the Egyptair network, have serial numbers 28423, 28424 and 28425 and are
currently configured in a three class layout.

This B777 remarketing mandate adds additional aircraft to an existing three A340
aircraft mandate that DVB´s Aviation Asset Management team was successful in
winning in August from the airline and reinforces the relationship between DVB
and Egyptair. It also follows other recent successes for DVB´s Aviation Asset
Management business which include a remarketing contract for five new Embraer
E190 aircraft on behalf of the M1 Group, four of which have already been placed
and the technical management for delivery of two B747-400F freighter aircraft to
US carrier UPS on behalf of the Luxembourg based freight airline Cargolux.

Commenting on this most recent transaction, Jon Skirrow, Managing Director DVB
Aviation Asset Management said: "This mandate comes towards the end of another
successful year for DVB Aviation Asset Management´s third party business. We now
have a fleet of 62 aircraft that we either manage or are remarketing on behalf
of third party clients. The aircraft fleet we currently manage is diverse and
includes regional, narrow-body and wide-body equipment which are operating in
all of the major markets in the world".

"Securing this B777-200ER remarketing mandate and successfully placing the E190
aircraft in what are tough market conditions, is further testament to the
reputation of the DVB Aviation Asset Management business and demonstrates our
ability to deliver both results and added value to our clients through a wide
range of aircraft related services. Despite the challenging aviation environment
modern efficient aircraft such as the B777-200ER are still in demand and
actually the availability of these three sister-ships offers a unique
opportunity for airlines to upgrade some of the aging wide-body fleets with
state-of-the-art equipment. We now look forward to building on the recent
successes we have enjoyed both with our existing client base and by developing
partnerships with new clients around the world so that we can, as part of DVB´s
aviation platform, reinforce our position as one of the world´s leading aircraft
remarketing and lease management operations."

Contact for this press release:
Jon Skirrow, Managing Director, Aviation Asset Management, DVB Bank SE,
Phone +44(0) 20 7618 9730
[email protected]

More information about DVB´s Aviation Asset Management
http://www.dvbbank.com/en/solutions/aviation/aviation_asset_management/index.html

Note to Editors:
DVB Bank SE, based in Frankfurt/Main, is the leading specialist in international
transport finance. DVB offers integrated financing solutions and advisory
services in respect of Shipping, Aviation, and Land Transport. The Bank operates
out of offices in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam,
Bergen/Oslo, Piraeus, Zurich, Singapore, Tokyo, New York and Curaçao. DVB Bank
SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).

Further inquiry note:
Prof. Dr. Borislav Belicic
Corporate Communications
Tel.: +49 (0)69 97 50 4390
E-Mail: [email protected]
end of announcement euro adhoc
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issuer: 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: [email protected]
WWW: http://www.dvbbank.com
sector: Banking
ISIN: DE0008045501
indexes:
stockmarkets: free trade: Stuttgart, Düsseldorf, regulated dealing/general standard:
Frankfurt
language: English

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