Saab Aircraft Leasing Sells Two Saab 340BPlus' to Swedish Defense Materiel Administration (FMV)

Saab Aircraft Leasing Sells Two Saab 340BPlus' to Swedish Defense
Materiel Administration (FMV)

Saab Aircraft Leasing (SAL) announced today an order for two Saab
340BPlus aircraft for Swedish Defense Materiel Administration (FMV). SAL
won an international Request For Proposal (RFP) process to supply the
two aircraft. Both 30-seat turboprops are scheduled for delivery during
early spring 2004.

The Swedish FMV intends to replace its three remaining Beech 200 King
Air aircraft with the two Saab 340BPlus'. One aircraft will be stationed
at F-21 in Luleå and the other at F-17 in Kallinge. Both will be used
for transportation of personnel both within Sweden and throughout
Europe.

SAL has contracted Saab Aircraft in Linköping to completely overhaul
both aircraft as well as incorporate new modifications and Service
Bulletins according to the requirements of the Swedish FMV.

Swedish Defense Forces currently operate one Saab 340B for "Open Sky"
operations as well as six Saab 340B-AEW units. The "Open Sky" aircraft
was extensively modified by Saab Aircraft last year under a contract
with the Swedish FMV.

Saab Aircraft Leasing President Michael Magnusson states, "This contract
is a good example of the resources that SAL has to source aircraft that
meets the specific requirements of a potential customer. The FMV had
very strict requirements as to the age and maintenance status of the
aircraft. SAL was able to quickly identify three suitable aircraft and
offer a choice too. Following on site inspections, the Swedish FMV was
able to pick the two most suitable airframes and declare SAL the winner
of the RFP process."

Saab Aircraft Leasing manages a portfolio of 289 Saab 340 and Saab 2000
aircraft leased to 25 customers in 13 countries. With 35 employees, the
company's head office is in Washington, DC and has regional offices in
Stockholm, Sweden; Tokyo, Japan. SAL 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 capabilities in systems
integration.

For further information please contact:
Michael Magnusson, Saab Aircraft Leasing
Telephone +1 703 406 7220
www.saabaircraftleasing.com
www.saab.se

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