BELLEVUE, Wash., April 20 /PRNewswire/ -- Boullioun Aviation Services Inc. (www.boullioun.com), one of the world's premier aircraft operating lessors, today announced delivery of a new A321-200 aircraft on medium-term lease to Cyprus Turkish Airlines (KTHY). The aircraft, equipped with CFM56-5B3/P engines, marks the first transaction between Boullioun and Cyprus Turkish Airlines. Cyprus Turkish Airlines, based in Northern Cyprus, began operations in 1974 with the DC-9. The A321-200 is the carrier's second A321 delivery this year. With this delivery, the carrier's fleet consists of two A321-200s, two Airbus A310s and three Boeing 737-800s. The airline currently flies between Northern Cyprus and Turkey, the United Kingdom, Germany and Israel, and other major destinations in Europe. "We believe that the A321-200 is a very profitable and reliable single-aisle aircraft in its class, which makes this delivery a key factor in our fleet modernization and expansion strategy," said Sadettin Gezmek, General Manager of Cyprus Turkish Airlines. "Having a modern, efficient narrowbody in our fleet will help us better capitalize on our growing tourism market. We appreciate the expertise and cooperation Boullioun displayed throughout this entire transaction." "The narrowbody A321-200 is excellently suited for the Mediterranean tourism market, and we are pleased that we were selected to assist Cyprus Turkish Airlines with its transition to the A321-200" said Boullioun President and CEO Robert J. Genise. "We are delighted to add Cyprus Turkish Airlines to our list of lessees and wish them great success." About Boullioun Boullioun, founded in 1986 by aviation industry veteran E.H. "Tex" Boullioun, leases aircraft worldwide to airlines. Boullioun's portfolio contains 127 owned or managed aircraft with a total market value more than US$3.7 billion. The company has 22 aircraft on firm order valued at approximately US$1.5 billion, plus options. Boullioun also has a 35.5 percent stake in SALE, the leading Asian-based lessor. Since 1995, Boullioun has, on behalf of itself, SALE and third parties, placed 181 aircraft on lease with 76 airlines, concluded sale and leaseback and other back-to-back transactions involving 57 aircraft, and sold 52 aircraft to airlines and investors. Boullioun is owned by WestLB of Dusseldorf, Germany. With assets of more than 267 billion Euros and AA/Aa1 credit ratings from Standard & Poor's and Moody's Investors Service, respectively, WestLB (www.westlb.com) is one of the largest commercial banks operating on an international scale. EDITORIAL CONTACTS: Tony Jacob, SS+K: 425-201-2041; tjacob@xxxxxxx John Willingham, Boullioun Aviation Services: 425-454-3106; jwillingham@xxxxxxxxxxxxx