January 19, 2010 (FinancialWire) — Babcock & Brown Air Ltd. (NYSE: FLY), a lessor of commercial jet aircraft, said it has declared a quarterly cash dividend of $0.20 per common share for the fourth quarter of 2009. The dividend will be paid on February 19, 2010 to shareholders of record on January 29, 2010.

Ireland-based B&B Air acquires and leases modern commercial jet aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world.

B&B Air is managed and serviced by Babcock & Brown Aircraft Management.  

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