PK Japan AFE Platform Commences Operation

December 1, 2004

PK AirFinance Japan is happy to report that the PK Japan AFE platform officially began operations December 1, 2004. PK Japan is headed by Shinji Sato who is the lead marketing officer. Yoshi Sakuragi, who recently joined from UFJ Bank (formerly Sanwa), will be the responsible for underwriting and risk; and Miyuki Hayashi, who recently joined from GE Japan, will be responsible for contract management, financial reporting and treasury. This new business platform will provide PK with a stable source of financing for its growing JOL debt business.

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