JACKSON SQUARE AVIATION ANNOUNCES SECOND OF SEVEN A320 DELIVERIES TO VOLARIS

Jackson Square Aviation (“JSA”) is pleased to announce the second of seven Airbus A320 deliveries to Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V. (“Volaris”). This delivery is in connection with a long-term operating lease, for which Norddeutsche Landesbank Girozentrale and UniCredit Bank AG provided senior debt. JSA provided PDP financing to Volaris in connection with this transaction, as well as for two more aircraft delivering during the remainder of 2011 and three to be delivered during 2012.

“JSA is very pleased to deliver to Volaris the second of seven A320’s”, stated Alfredo Sarria, JSA SVP of Marketing for Latin America. “This is the second airplane in only six months, with more to come before the end of this year and in 2012. JSA continues to support mid-sized airlines in developing markets and is very pleased with Mexico as a growth market with solid projections for the future. Well-run airlines, such as Volaris, only add to our positive outlook of the region.”

Fernando Suarez, Chief Financial Officer of Volaris, commented ”Volaris is very pleased to have secured financing with JSA, as it will enable the airline to continue growing capacity and expanding destinations in the coming months. This transaction is also a vote of confidence that successful airlines in Mexico like Volaris, can have access to competitive fleet financing from the aircraft leasing community.”

Jackson Square Aviation is a full-service aircraft leasing company based in San Francisco with offices in Seattle, London, Miami, Toulouse, and Singapore. The management team, which had previously worked together at Pegasus Aviation Finance Company, has established relationships with over 30 commercial lenders and investment banks throughout Europe, Asia, and North America. Led by the veteran aircraft leasing trio of Richard Wiley, Toby Bright and Scott Weiss, the team has collectively acquired over $11 billion of aircraft, and has purchased and/or remarketed over 400 aircraft. JSA’s current fleet (owned and committed) includes nearly 70 aircraft valued in excess of $3 billion, originated via sale/leasebacks with many of the world’s leading airlines. JSA’s primary shareholder is Oaktree Capital Management, L.P., a Los Angeles based $80+ billion institutional money manager.