Babcock & Brown Aircraft Lessor No. 2 Limited
Through Babcock & Brown Aircraft Lessor No. 2 Limited, which BBGIL purchased for US$10.3 million, BBGIL owns two Boeing 757-200 aircraft leased to First Choice Airways Ltd, a wholly-owned subsidiary of First Choice Holidays plc, which is a UK-headquartered international leisure travel company listed on the London Stock Exchange.
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Lessee
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First Choice Airways Limited
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Guarantor
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First Choice Holidays Plc
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Purchase price of aircraft
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US$14.7 million each *
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Number of aircraft
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2
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Manufacturer
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Boeing
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Manufacturer date
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1993
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Lease maturity date
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30 April 2013
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Monthly rentals
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For each aircraft:
- until 30 April 2008 (US$155,000)
- from 1 May 2008 (US$160,000)
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* Excluding acquisition costs of approximately US$430,000 for each aircraft