ROWAN LEASING LIMITED

Sub-lease assignment

Created on 16 Mar 1998

Delivered on 03 Apr 1998

Status fully-satisfied

Persons Entitled

International Lease Finance Corportion

Amount Secured

All monies due or to become due from the company to the chargee under the terms of a lease dated 23RD december 1996 in respect of one boeing 737-400 aircraft serial no.24070 Reg. No. G-bnnl

Short Particulars

All the company's right title and interest in and to an amended and restated aircraft lease agreement dated 16TH march 1998 between the company and GB airways limited in respect of the aircraft including the right to recieve all payments required to be paid by GB airways in connection with the sub-lease. See the mortgage charge document for full details.

Transactions

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Sub-lease agreement

Created on 16 Mar 1998

Delivered on 03 Apr 1998

Status fully-satisfied

Persons Entitled

International Lease Finance Corporation

Amount Secured

All monies due or to become due from the company to the chargee under the terms of a lease dated 23RD december 1996 in respect of boeing 737-400 aicraft serial number 24069 reg. No g-bnnk

Short Particulars

All the company's right title and interest in and to an amended and restated aircraft lease agreement (the "sub-lease") dated 16.03.98 between the company and GB airways limited in respect of the aircraft including the right to receive all payments required to be paid by GB airways under or in connection with the sub-lease. See the mortgage charge document for full details.

Transactions

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Sub-lease assignment

Created on 23 Dec 1996

Delivered on 13 Jan 1997

Status fully-satisfied

Persons Entitled

International Lease Finance Corporation

Amount Secured

All monies due or to become due from the company to the chargee pursuant to or in connection with a lease of even date

Short Particulars

All rights title and interest in under and to a sub-lease dated 30TH november 1994 in respect of the aircraft being one boeing 737-400 aircraft manufacturer's serial no: 24069 and UK re mark g-bnnk including without limitation the right to receive all payments required to be paid by gba under or in connection with the sub-lease all sums received or recoverable by the company in respect of the insurances described in the sub-lease. See the mortgage charge document for full details.

Transactions

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Sub-lease assignment

Created on 23 Dec 1996

Delivered on 13 Jan 1997

Status fully-satisfied

Persons Entitled

International Lease Finance Corporation

Amount Secured

All monies due or to become due from the company to the chargee pursuant to or in connection with a lease of even date

Short Particulars

All rights title and interest in under and to a sub-lease dated 30TH november 1994 in respect of the aircraft being one boeing 737-400 aircraft manufacturer's serial no: 24070 and UK reg mark g-bnnl including without limitation the right to receive all payments required to the paid by gba under or in connection with the sub-lease all sums received or recoverable by the company in respect of the insurances described in the sub-lease. See the mortgage charge document for full details.

Transactions

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