BCI AIRCRAFT LEASING, INC. COMPLETES REFINANCING OF TWO A340-300'S ON LEASE TO AIR NAMIBIA
Chicago-based BCI Aircraft Leasing, Inc. ("BCI") today announced that it has completed the refinancing of two Airbus A340-300 commercial aircraft that are on lease to Air Namibia.

/Aerospace - Aviation News Articles/ - CHICAGO, IL - September 08, 2008 - The aircraft belong to BCI's wholly owned and managed Irish subsidiary and the financing is provided by FirstRand (Ireland) PLC. The planes, which bear serial numbers 047 and 051, were both manufactured in 1994.

"We are thrilled to expand our business with the FirstRand Group through this transaction, and we value this lender as a partner in our global expansion," said Jacob Hodges, Vice President, Debt Capital Markets, for BCI Aircraft Leasing, Inc.

FirstRand (Ireland) PLC is a division of FirstRand Ltd, one of the largest financial institutions in South Africa.

"Air Namibia is a progressive and growing airline with a capable management team and a strong, sovereign credit. We are proud to do business with two great partners in Air Namibia and FirstRand Group," said Brian Hollnagel, President and CEO of BCI Aircraft Leasing.

Air Namibia is the national airline of Namibia. Based in Windhoek, it operates scheduled domestic, regional, and international passenger and freight services. Its international hub is Windhoek Hosea Kutako International Airport with a domestic services hub at the smaller Windhoek Eros Airport.

Press Release Contact Information:

Judy Oliveros
BCI Aircraft Leasing, Inc.
Director of Administration
330 N. Wabash Ave., Suite 2801
Chicago, IL
USA 60611
Voice: 312-329-1700
Fax: 312-329-1250
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