DVB Bank AG, the Frankfurt-based bank that specialises in transport finance, today announced the acquisition of one Airbus A330-300 aircraft from Airbus Financial Services by Deucalion Capital IV Limited, one of the aviation funds managed by DVB. The aircraft was manufactured in December 2004, and is subject to a long-term operating lease with Qatar Airways. Rolf Betz, the Board Director responsible for Deucalion, commented: "Through our fund management activities, DVB has been able to expand its traditional product range of senior and junior financing to clients." Bertrand Grabowski, Aviation Board Director, commented: "With regard to capitalizing on strengthening asset values in selected aircraft types, we are distinctly positive about developments in the A330 market and are pleased to be able to work with both Airbus Financial Services and a carrier of the quality of Qatar Airways." The Deucalion funds focus on investing equity in aircraft assets and other aviation related interests, participations in high yielding loans/bonds/asset backed securities and mezzanine financings. The total capital committed for the Deucalion funds by DVB and third party investors to date is currently in excess of USD 170 million. With regard to aircraft asset investments, the Deucalion funds have, during the past twelve months, acquired a total of eight aircraft on lease to four airlines and sold one aircraft to an undisclosed Asian buyer. Deucalion is structured as an investment company where a team of investment managers, based in London, analyse investment opportunities in the aviation industry and monitor investments made on behalf of Deucalion.