Sky Announces A320 Sale/Leaseback With Avianca

SAN FRANCISCO, February 10 - Sky Holding Company, LLC is pleased to announce the delivery of one
Airbus A320-214 to Aerovias del Continente Americano S.A. ("Avianca"),
Colombia's leading airline. This transaction represents a continuation of
Sky's long relationship with Avianca and the first sale/leaseback transaction
of Sky's new fleet, which is being built in partnership with Oaktree Capital.

"We are thrilled to be able to execute another transaction with Avianca,
which is one of Latin America's strongest carriers and has been a great
partner with our firm for a long time," said Richard Wiley, Sky's founder and
CEO. "We emphasize new, fuel-efficient aircraft on lease to leading airlines
around the world. We have ambitious growth plans over the next couple of
years, and with US$500 million in support from Oaktree Capital this is the
first of many such transactions for us."

"Avianca is pleased to have received its thirteenth Airbus A320, as a
result of a sale and lease back transaction with Sky. With this new aircraft
the airline will continue to provide its high quality service based on
comfort and efficiency in its routes in Colombia, the Americas and Europe"
said Gerardo Grajales, CFO for Avianca.

About Sky Holding Company, LLC: Sky is a full-service aircraft leasing
company based in San Francisco with offices in Seattle, Miami, and Buenos
Aires, with a European office opening in 2010. The management team, which had
previously worked together at Pegasus Aviation, has over 90 years of combined
industry experience. The team has collectively acquired over US$10 billion of
aircraft, has purchased and/or remarketed over 400 aircraft, and has
developed relationships with over 30 commercial lenders and investment banks
across Europe, Asia and North America. Sky is equity funded by its management
team and Oaktree Capital Management, L.P., a premier global alternative and
non-traditional investment manager with over US$70 billion in assets under
management.

About Avianca: Avianca was the first airline founded in the Americas.
Along with Ocean Air, in Brazil; and Vip S.A., in Ecuador, it is part of the
Synergy Aerospace Group. With more than six thousand direct collaborators,
and a fleet of 60 short, medium and long range aircraft, Avianca currently
operates directly to 21 destinations in Colombia and 22 points in America and
Europe. From its hub in Bogota, the company offers an average of 350 flights
per day connecting its domestic and international destinations. Passengers
have more than 6,000 options for connections between destinations operated
both directly and through code share agreements with other internationally
renowned companies. In addition to its passenger air transport services,
Avianca provides tourism, mail, cargo, and courier transport services, as
well as aeronautical assistance services, through its Business Units: Avianca
Tours, Deprisa and Avianca Services. For additional information, please visit
www.avianca.com.

www.skyholding.aero

Sky Holding Company, LLC, +1-415-655-5000, info at skyholding.aero