SAL Reports Double Digit Transactions
Saab Aircraft Leasing (SAL) completed another strong year in 2009, despite a turbulent time for the airline industry as operations shifted and economies continued at a dynamic pace.
2010-01-22 | News in short
In total, SAL recorded 13 transactions, including five sales, six leases (either new or extensions), and two third-party placements. A majority were Saab 340 transactions, which comprises the largest share of SAL's portfolio. The Saab 2000 continued to draw a great deal of interest as airlines adjusted their networks.
SAL completed the following transactions in 2009:
- Golden Air in Sweden leases (1) Saab 2000 and purchases (1) Saab 2000
- PenAir in Alaska extends (3) Saab 340Bs and leases (2) Saab 340Bplus'
- SkyBahamas purchases (1) Saab 340A
- Calspan purchases (1) Saab 340A for US Navy contract
- Loganair agrees to purchase (1) Saab 340B they are currently leasing
- Unannounced sale for (1) Saab 340A
- 3rd Party Remarketing - (2) Saab 340B sales to Telford Aviation in Bangor, Maine
"Last year, we monitored a developing trend that suggests resurgence in the turboprop market. In 2010, we predict that trend will continue as regionals and majors adjust their fleet planning," notes Michael Magnusson, President and CEO, Saab Aircraft Leasing. He underlines, "as larger legacy airlines are withdrawing from many regional markets, this void can be aptly filled by many of our operators flying the Saab 340 today. This shift, we feel, will also be a springboard for at least two new Saab operators."
Saab Aircraft Leasing manages a portfolio of about 115 Saab 340 and Saab 2000 aircraft leased to 15 airlines around the world. With 25 employees, its head-office is located outside of Washington, DC with regional offices in Stockholm Sweden, Tokyo, Japan and Nairobi, Kenya.
Saab serves the global market with world-leading products, services and solutions ranging from military defence to civil security. Saab has operations and employees on all continents and constantly develops, adopts and improves new technology to meet customers´ changing needs.
For further information, please contact:
Michael Magnusson, President & CEO Saab Aircraft Leasing
Phone +1-703-406 7220, mobile +1-703-887 3529
www.saabgroup.com or www.saabaircraftleasing.com