Loganair and Air Jet expand Saab fleets

British Airways' franchise partner and Scotland's airline Loganair is
leasing two more Saab 340Bs, from Saab Aircraft Leasing, boosting its
Saab 340 fleet to seven. At the same time, Air Jet of France, a Saab
2000 customer since November last year, is taking two more 2000s from
the organisation.

Announcing the new transactions at Farnborough 2002 today, Michael
Magnusson, President of Saab Aircraft Leasing, noted that this takes the
number of Saab 340/2000s placed over the past six months to 15. "The
market for 30 and 50-seat turboprops continues to hold up well,
especially in Europe," he said. Most recently, three Saab 2000s have
been placed with Lithuanian Airlines, seven 340Bs with AeroLitoral of
Mexico and one 340A with Transwest Air of Canada.

Reviewing the status of the 19, 30 and 50-seat regional aircraft market,
Magnusson noted that turboprops continue to account for 81% of
departures up to 300 statute mile lengths. In the first quarter of 2002,
they accounted for 82% departures in this sector, a drop of just two per
cent compared with the same period last year. "During the third quarter
of 2002 the Saab 340 accounted for 31% of the average daily departures
of 19 to 50-seat aircraft worldwide and the Saab 2000, included in the
50-seat variants, actually showed an 8% increase," he said.

"For every Regional Jet departure in Europe today there are 1.7
turboprop departures," he added, noting that the increased business from
both Loganair and Air Jet illustrates the demand for 30 and 50-seat
turboprops.

Loganair's two firm aircraft will be accepted in August and September,
and the airline has also confirmed an option on a third. The Glasgow-
based airline has also extended the lease on one of its existing 340Bs
for a further three years. Air Jet's two additional 2000s will arrive in
July and September and will serve Geneva-Bordeaux and Toulouse in
commercial collaboration with Swiss International Air Lines (SWISS).

Saab Aircraft Leasing manages a portfolio of about 300 Saab 340 and Saab
2000 aircraft leased to 28 airlines around the world. With 38 employees,
its head-office is in Washington, DC. Saab Aircraft Leasing is part of
the Saab Aviation Services Business Area of Saab AB.

Saab is one of the world´s leading high-technology companies, with its
main operations focusing on defence, aviation and space. The group
covers a broad spectrum of competence and capability in systems
integration.

For further information please contact:
Michael Magnusson John Belanger
President Saab Aircraft Leasing Director, Corporate Communications
Telephone +1 703 406 7200 Saab Aviation Services
Saab Aircraft Leasing Tel: +46 13183101
aviationservices@saab.se


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