JULY 25TH, 2015

Kahala Aviation Announces Upcoming Acquisition by Diamond Head Aviation 2015 Limited of 30 Aircraft Portfolio And Related Note Offering

Dublin, Ireland; July 24, 2015 – Kahala Aviation Holdings LLC (“Kahala”) announces the upcoming acquisition of an aircraft portfolio comprised of both narrow-body and wide-body aircraft by Diamond Head Aviation 2015 Limited from AWAS Aviation Capital Limited. The acquisition will be financed by US$199,250,000 of 3.81% Class A Fixed Rate Asset Backed Notes and US$61,500,000 of 5.92% Class B Fixed Rate Asset Backed Notes (together, the “Notes”) and also the issuance of Class E Notes to Kahala Ireland Investments Designated Activity Company, an affiliate of Kahala. The transaction is expected to close on or about July 30, 2015.