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FLY Leasing Press Releases

Babcock & Brown Air Declares Quarterly Cash Dividend of $0.50 per Share

Babcock & Brown Air Limited (NYSE:FLY), a company that leases commercial aircraft worldwide, announced today that its board of directors has declared a cash dividend for the fourth quarter of 2007 of $0.50 per common share. The dividend will be payable on February 20, 2008 to shareholders of record as of January 31, 2008.