"B&B Air continues to perform well, producing strong cash flow," said
"We believe at this time, the best way to maximize shareholder value is through a combination of a lower quarterly dividend and share and debt repurchases, which we continue to pursue," added Barrington. "In the fourth quarter the Company repurchased approximately one million shares for
In
About B&B Air
B&B Air acquires and leases modern, high-demand and fuel-efficient commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. B&B Air is managed and serviced by Babcock & Brown Aircraft Management ("BBAM"), the world's fourth largest aircraft lessor. For more information about B&B Air, visit our website at http://www.babcockbrownair.com.
Caution Concerning Forward-Looking Statements
This press release includes certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to plans, objectives, expectations and intentions and other statements contained in this release that are not historical facts, as well as statements identified by words such as "expects," "anticipates," "intends," plans," "believes," "seeks," "estimates," or words of similar meaning. These statements are based on current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond B&B Air's control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors.
Contact: Matt Dallas Babcock & Brown + 1 212-796-3918 matt.dallas@babcockbrown.com
SOURCE Babcock & Brown Air Limited