Air Transport World

Saab Aircraft Leasing tops $100 million in new contracts.

Saab Aircraft Leasing, wholly owned by Saab AB, compiled more than $100 million in leases in 1998 and expects that number to rise this year. In its first year as a dedicated leasing company, SAL placed 14 Saab 340s and 10 Saab 2000s. The average lease term was more than five years.

In addition, Saab Aircraft completed its deliveries to Mesaba Airlines with 22 Saab 340s, to SAS with two Saab 2000s and to Medair with two Saab 2000s during 1998.

At a briefing held near Washington, D.C., SAL President Lars Flodman said the 34-seat Saab 340 has captured 40% of the used market in its class, in part because it has replaced 19-seaters at several airlines and also because of the continued need for reliable 30-plus-seat aircraft. …

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