BBAMBachelor of Business Administration and Management
BBAMBlood Bowl Association of Melbourne (Australia)
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CEO Ghaith Al Ghaith said: "We already have agreements in place with both GECAS and BBAM and it is clear from their willingness to enter into further ties with us that they have been pleased with what flydubai has delivered so far.
BBAM are adding another three aircraft to make their total commitment six.
The agreement with GECAS is for a further six aircraft, bringing the total number of aircraft GECAS finances for flydubai to ten and BBAM are adding a further three aircraft to an existing three they already finance.
DUBAI, United Arab Emirates -- flydubai, Dubai's first low cost airline, has announced aircraft financing worth more than US$750m in deals with GECAS (General Electric Capital Aviation Services) and BBAM.
Steve Zissis, President of BBAM, said: "We are delighted to form a partnership with FlyDubai and provide support for the government of Dubai at the very foundation of this exciting new airline, which continues the incredible growth of the aviation industry in Dubai.
Brian McCarthy, Precision Conversions' Vice President of Marketing and Sales stated, "We are excited to have the opportunity to partner with a company that has the resources and market knowledge of BBAM and we are pleased that BBAM has demonstrated the confidence in our product by awarding us this program.
Babcock & Brown Air Publicly traded lessor Babcock & Brown Air and management of Babcock & Brown Aircraft Management have combined to buy BBAM in the long-awaited divestiture from its parent company, the Australian investment bank Babcock & Brown, which went into liquidation last year.
The timing of the entry-into-service for the first aircraft will be in-line with the demand that we are seeing from our current customer base," said Steve Zissis, Managing Director of BBAM.
The company is managed and serviced by BBAM LP, a worldwide leader in aircraft lease management and financing.
Alcoa said the BBAM agreement includes options for six additional passenger-to-freighter conversions.
The company is managed and serviced by BBAM LP, one of the world's leading aircraft lease managers with more than 20 years of experience.
FLY Leasing Limited (NYSE: FLY) said its annual management fee payable to BBAM, FLY's manager and servicer, has been reduced from USD10.