Babcock & Brown Air Posts 2007 Annual Report to Web Site

DUBLIN, Ireland, April 17 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited (NYSE: FLY) ("B&B Air"), a global lessor of commercial jet aircraft, today announced the availability of its 2007 Annual Report on its web site at http://www.babcockbrownair.com. B&B Air's 2007 Annual Report can be accessed by visiting the Annual Report page in the Investor Relations section of the web site.

A printed version will be mailed to all shareholders. Investors may request a hard copy of the 2007 Annual Report by email at info@babcockbrownair.com or by phone at +1 212-796-3918.

About Babcock & Brown Air Limited

Babcock & Brown Air acquires and leases modern, high-demand 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, the world's fifth largest aircraft lessor. The Company was formed by Babcock & Brown Limited (ASX: BNB), a global investment and asset management group with more than 25 years of experience in aircraft leasing and financing. For more information, visit http://www.babcockbrownair.com.

     Contact:
     Matt Dallas
     Babcock & Brown
     + 1 212-796-3918
     matt.dallas@babcockbrown.com