Babcock & Brown Air to Announce Fourth Quarter and Year End Financial Results on March 26, 2008

DUBLIN, Ireland, March 10 /PRNewswire-FirstCall/ -- Babcock & Brown Air Limited NYSE: FLY, a global lessor of commercial jet aircraft, announced today that it will release its fourth quarter and year end earnings results before the market opens on Wednesday, March 26, 2008.

Babcock & Brown Air's senior management will host a conference call and webcast to discuss these results at 9:00 a.m. Eastern Time on March 26, 2008.

Participants should call 866-696-7906 (North America) or 706-643-7953 (International) and enter confirmation code 38904516. A replay will be available shortly after the call. To access the replay, dial 800-642-1687 (North America) or 706-645-9291 (International) and enter confirmation code 38904516. The replay recording will be available until April 9, 2008.

A live webcast of the conference call will be also available in the investor section of B&B Air's website at http://www.babcockbrownair.com. An archived webcast will be available for one year.

About Babcock & Brown Air Limited

Babcock & Brown Air (B&B Air) acquires and leases commercial jet aircraft. B&B Air was formed by Babcock & Brown Limited ASX: BNB, a global investment and advisory firm with more than 25 years of experience in aircraft leasing and financing. B&B Air leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. B&B Air's strategy is to grow its portfolio through accretive acquisitions of leased aircraft and to increase its distributable cash flows and quarterly dividends. For more information, visit http://www.babcockbrownair.com.

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