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25.07.2011

DVB finances a portfolio of five widebody aircraft for Guggenheim Aviation Partners

DVB Bank is pleased to announce the successful closing of two separate finance facilities with Guggenheim Aviation Partners, LLC (Guggenheim) for two A330-200 aircraft on lease to Jet Airways (India) Ltd and three B777-200ER aircraft on lease to American Airlines, Inc.


The finance facility for the two A330-200 aircraft on lease to Jet Airways (India) Ltd closed in late March. Both aircraft were delivered new to Jet Airways (India) Ltd in 2008 and were subject to a sale/leaseback with Guggenheim’s managed fund. The finance facility for three B777-200ER aircraft on lease to American Airlines, Inc. closed in early June. The aircraft were originally delivered to American from 2000 to 2002 and were also subject to a sale/leaseback earlier this year with the Guggenheim fund. DVB Bank provided a back leveraging of this acquisition by the Guggenheim fund.

Bertrand Grabowski, Member of the Board of Managing Directors of DVB Bank and responsible for aviation, commented, “We are delighted to have closed these transactions and further cement the relationship between DVB Bank and Guggenheim. In working with Guggenheim’s Singapore-based head of finance, DVB, as a truly global institution in Aviation Finance, has delivered locally the same quality service that our clients expect at any point of the globe.”


Note to Editors:

Guggenheim Aviation Partners, LLC, is an investment manager, in the acquisition of new and used commercial aircraft for leasing to domestic and international passenger airlines and cargo operators. Guggenheim Aviation Partners, LLC launched its first commercial aviation fund in 2005 and shortly thereafter closed its second fund in 2007. Guggenheim Aviation Partners, LLC now has in excess of US$2.7 billion of commercial aviation assets under management, representing a broad range of Boeing and Airbus aircraft on lease to airlines and cargo operators around the world. Guggenheim Aviation Partners, LLC is an affiliate of Guggenheim Partners, LLC.

Guggenheim Partners is a diversified financial services firm with more than US$100 billion in assets under supervision. The firm’s businesses include investment management, investment advisory, insurance, investment banking and capital markets services. The firm is headquartered in Chicago and New York with a global network of offices throughout the United States, Europe and Asia.

DVB Bank SE, headquartered in Frankfurt/Main, Germany, is the leading specialist in the international transport finance business. The Bank offers integrated financing solutions and advisory services in respect of Shipping Finance, Aviation Finance, and Land Transport Finance. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen/Oslo, Piraeus, Zurich, Singapore, Tokyo, New York and Curacao. DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).