DVB Aviation Asset Management is pleased to announce that it has appointed Cabot Aviation to jointly work alongside its team to remarket six B747-400 freighter aircraft. The aircraft are being acquired as passenger aircraft from May 2009 through the first quarter of 2011 and will be converted to freighters at the IAI/Bedek facility in Tel Aviv. The first aircraft is being offered for delivery in October 2009 with three further deliveries in 2010 and the last two in the first half of 2011.

The details on the B747-400 aircraft and the scheduled delivery dates are as follows:

Msn  /  year of build  /  available for delivery

25344  /  1991  /  October 2009
24155  /  1991  /  March 2010
24969  /  1991  /  July 2010
24990  /  1991  /  August 2010
25600  /  1992  /  April 2011
25602  /  1992  /  May 2011

Jon Skirrow, Managing Director of DVB Aviation Asset Management said: "We have chosen to work with Cabot Aviation on this project as both ourselves and Cabot have had recent success placing both B747 passenger and cargo aircraft and we feel that by combining our resources and experience in this sector we can ensure that these aircraft are successfully placed on the best possible financial and commercial terms."

Tony Whitty, CEO of Cabot, says: "We are very excited to be working with DVB Aviation Asset Management on this project. We have successfully completed several projects on behalf of DVB Bank and always enjoy working with one of the world’s leading transportation finance banks."

Contact for this press release:
Jon Skirrow, Managing Director, Aviation Asset Management, DVB Bank SE, Phone  +44(0) 20 7618 9730, jon.skirrow@dvbbank.com

Note to Editors:
Cabot Aviation is a UK based aviation group providing a range of services worldwide to its clients. The principal activity of the group is: Aircraft Remarketing. Its three additional activities are: Aircraft Acquisition, Aircraft Wet Leasing (ACMI or Charter), and Aircraft Trading. www.cabotaviation.com

DVB Bank SE, based in Frankfurt/Main, is an international advisory bank and finance house that specialises in the global transport market. DVB offers integrated financing solutions and advisory services in respect of Shipping, Aviation, and Land Transport. The Bank operates out of offices in Frankfurt/Main, Hamburg, London, Cardiff, Rotterdam, Bergen/Oslo, Piraeus, Zurich, Singapore, Tokyo, Hong Kong, New York and Curaçao. DVB Bank SE is listed at the Frankfurt Stock Exchange (ISIN: DE0008045501).