B&B Air to Report Third Quarter Financial Results on November 4, 2009

• Press Release
• Source: Babcock & Brown Air Limited
• On 5:00 pm EDT, Tuesday October 20, 2009

DUBLIN, Oct. 20 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited (NYSE: FLY - News; "B&B Air"), a global lessor of modern, fuel-efficient commercial jet aircraft, today announced that it will release its third quarter earnings results before the market opens on Wednesday, November 4, 2009.

B&B Air's senior management will host a conference call and webcast to discuss these results at 9:00 a.m. U.S. Eastern Time on Wednesday, November 4, 2009. A live webcast of the conference call will be available in the investor section of B&B Air's website at www.babcockbrownair.com.

Participants should call +1-706-643-7953 (International) or 866-696-7906 (North America) and enter confirmation code 36176073.

A replay recording will be available shortly after the call. To access the replay, dial +1-706-645-9291 (International) or 800-642-1687 (North America) and enter confirmation code 36176073. The replay recording will be available for two weeks. A webcast replay will be available on the company's website for one year.

About Babcock & Brown Air Limited

Babcock & Brown 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 www.babcockbrownair.com.

    Contact:

    Matt Dallas
    Babcock & Brown Air
    +1 212-796-3918
    matt.dallas@babcockbrown.com

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