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 closed a $32 million debt facility that is secured by $119 million principal amount of its previously repurchased securitization notes, which B&B Air recently purchased for approximately $58 million. The loan has a final maturity date of August 2012.
