B&B Air Changes Name to FLY Leasing Limited

DUBLIN, June 30 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited (NYSE: FLY) ("B&B Air"), a global lessor of modern commercial jet aircraft, today announced that it has changed its name to FLY Leasing Limited ("FLY Leasing"). The name change was approved by shareholders at the Annual General Meeting held in Dublin on June 29, 2010.

Common shares of FLY Leasing will continue to trade on the New York Stock Exchange (NYSE) under the ticker symbol "FLY."

About FLY Leasing

FLY Leasing 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. FLY Leasing is managed and serviced by BBAM LLC, one of the world's leading aircraft lease managers with more than 20 years of experience. For more information about FLY Leasing, please visit our website at www.flyleasing.com.

SOURCE FLY Leasing Limited

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