B&B Air Posts 2008 Annual Report to Web Site

DUBLIN, March 23 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited (NYSE: FLY) (“B&B Air�), a global lessor of commercial jet aircraft, today announced the availability of its 2008 Annual Report on its web site. The Annual Report can be accessed by visiting the Annual Report page in the Investor Relations section of B&B Air’s web site at www.babcockbrownair.com.

A printed version will be mailed to all shareholders. Investors may request a hard copy of the 2008 Annual Report by email at info@babcockbrownair.com or by phone at +1 212-796-3918.

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
    + 1 212-796-3918
    matt.dallas@babcockbrown.com