B&B Air was formed in October 2007 by Babcock & Brown Limited (ASX: BNB), a global investment and asset management group with more than 25 years of experience in aircraft lease management and financing. B&B Air is externally managed by specialized units of Babcock & Brown Limited and also has its own core team of corporate managers.  

The Company is financed by an $850 million aircraft lease securitization, an aircraft acquisition facility and its shareholders’ funds. The fully underwritten aircraft acquisition facility, combined with its own cash, will allow B&B Air to acquire approximately $1.2 billion of additional aircraft.

B&B Air has adopted a policy of paying regular quarterly cash dividends to shareholders. A quarterly dividend of $0.50 per share has been declared for the first quarter of 2008. The Company’s objective is to increase its distributable cash flow per share and its dividends through the acquisition of additional aircraft.