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Babcock & Brown Air Funding I redeems $64M of securitization notes

Babcock & Brown Air Funding I Ltd. fully redeemed $63.8 million of its class G-1 securitization notes, issued on Oct. 2, 2007.

The notes were due Nov. 14, 2033. The company funded the transaction with cash on hand.

Babcock & Brown Air Funding I is a subsidiary of FLY Leasing Ltd.