AerFinance Plc

March 05, 2008 03:00 ET

AerFinance plc Signs Letter of Intent to Acquire DirectFly sp.z.o.o.

WARSAW, POLAND--(Marketwire - March 5, 2008) - AerFinance plc UK (FRANKFURT:3LV), announces that it has signed a Letter of Intent to acquire the whole share capital of DirectFly sp.z.o.o., a Poland based aviation company. The purchase price will be paid in shares of AerFinance plc. Under the terms of the ("LOI"), the aim is to complete the transaction within the next 14 days and to invest up to 1,5 mln. EUR as a venture capital investor into DirectFly.

About DirectFly sp.z.o.o. :

Founded by SkyExpress, one of the largest central European freight and cargo operators, the company's first activities were scheduled flights within domestic Poland, which were suspended in 2007. Since then the company developed a new comprehensive business plan and restarted their EU-OPS certification process, aiming to become the leading executive airline in Eastern Europe with operational base Warsaw.

DirectFly will tap an unmet need for business aircraft services in the region with main focus on the Polish market. The company will be the first to offer an innovative Fractional Ownership program for business aircraft which are locally based in Poland.

About AerFinance plc:

AerFinance plc is a new public listed private equity company with main focus on the aviation market. The Company became first listed on the Frankfurt Stock Exchange (symbol 3LV) in February 2008. After a private placement the Company is expected to join as the first foreign company the "NewConnect" market on the Warsaw Stock Exchange.

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Forward Looking Statement

Some of the statements made by AerFinance plc in this press release are forward-looking in nature. Actual results may differ materially from those projected in forward-looking statements. Forward-looking statements involve risks and uncertainties, including, but not limited to, a failure or difficulty in obtaining third party approvals; failure to obtain necessary audited financial statements; material unknown factors discovered during due diligence reviews; the ability of AerFinance to raise funds needed to execute its business strategy; the final negotiated terms included in a definitive agreement; the uncertainty of shareholder approval; and other risks. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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