Arabic Press Release

2 August, 2009

DAE delivers first Boeing 737-800 NG to Garuda

DUBAI, UAE, 2 AUGUST, 2009 – DAE Capital, the aircraft leasing and financial business arm of Dubai Aerospace Enterprise (DAE), celebrated last week in Jakarta, Indonesia the first Boeing 737-800 Next-Generation aircraft delivery to Garuda the national flag carrier of Indonesia. The delivery is one of eight new B737-800 aircraft to be delivered to Garuda between June 2009 and April 2010. The aircraft has a new look and provides passengers with pleasing surroundings and comfort.

H.E. Dr. Omar Bin Sulaiman, DAE Group Managing Director, said: “DAE’s delivery of the first B737-800 aircraft to Garuda highlights the expansion of our fleet portfolio and the opportunity to work with Indonesia’s largest carrier.” He added: “It also builds up on DAE’s recognition as a worldwide aviation source,” Bob Genise, CEO of DAE Capital said: “This first delivery marks an addition to our fleet and our intention to continuously expand our business with Garuda. The remaining 7 Next-Generation aircraft are expected to be delivered to Garuda over the coming months and will form the backbone of Garuda’s single-aisle fleet for the foreseeable future.”

Emirsyah Satar, President & CEO Garuda Indonesia said: “Garuda Indonesia welcomes the outstanding cooperation with DAE Capital. This mutualism scheme has been providing more opportunity for Garuda Indonesia and DAE Capital to flourish together.”

DAE Capital’s fleet currently comprises 36 single aisle and wide-body aircraft. Furthermore, it has an additional 25 aircraft contracted of which 16 are on a purchase and lease back basis. DAE Capital has committed to invest in a fleet portfolio with an estimated market value of $27 billion that will gradually encompass 100 Airbus A320 family and A350 XWB aircraft, and 100 Boeing 737 Next Generation aircraft and wide-body planes, which will commence delivery in 2010.