PRNewswire -- Babcock & Brown Air Limited (NYSE: FLY) (“B&B Air”), a global lessor of modern, fuel-efficient commercial jet aircraft, today announced that it has repurchased $20 million principal amount of its securitization notes for $10 million in a privately negotiated transaction funded from the Company’s available cash. Additionally, the Company paid $7 million for an option to repurchase an additional $100 million principal amount of its securitization notes for $48 million within the next nine months.
