SAS Flight Academy and Saab Aircraft extend Training Cooperation

SAS Flight Academy AB and Saab Aircraft AB have signed a long term
agreement to extend the Saab 340 Aircraft training cooperation. The
original agreement, entered in 1982, was initially extended in 1997 and
is now extended for an additional 10-year period.

Under the terms of the contract, SAS Flight Academy, located at
Stockholm-Arlanda Airport, undertakes to continue to operate a training
center for the Saab 340 Aircraft under its existing TRTO approval,
providing aircraft type conversion and recurrent pilot training for
Saab's customers.

Saab Aircraft provides necessary data and documentation for the training
programs as well as an instructor backup capability using crew resources
from its test pilot group. Some practical parts of the training are
conducted at the Saab factory in Linköping.

Under Saab's own TRTO approval, achieved in Feb 2004, training will also
be conducted by Saab instructors in the SAS Flight Academy Saab 340
simulator.

The new agreement also includes a specific working group between SAS
Flight Academy and Saab with the objectives to improve the operational
feedback to Saab via SAS Flight Academy and to further develop and
improve the training programs.

Sven-Erik Jeppsson, Director, Customer Services at Saab Aircraft AB,
comments, "The extended training cooperation agreement ensures long term
training support for our Saab 340 operators and is an excellent
complement to Saab's existing factory maintenance training
capabilities."

Eric Wahren, Manager Business Development, SAS Flight Academy AB,
underlines the importance of this contract: "Since the very beginning of
the Saab 340 training program development and during the subsequent
training production, we have had an excellent cooperation with Saab
Aircraft AB. A training contract, extended for the second time to last
in total 32 years, is a unique proof of customer satisfaction, which we
are very proud of."

Saab Aircraft AB, with offices in Linköping Sweden and Sterling,
Virginia in the U.S. supports and maintains the combined Saab 340 and
Saab 2000 fleet of over 500 aircraft in service with operators around
the world. Saab Aircraft AB is part of the Saab Aviation Services
Business Unit 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.

SAS Flight Academy AB, one of the leading training centres in Europe,
provides training for pilots, cabin crews, maintenance technicians and
ships' officers. It offers training for twelve different aircraft types,
ranging from regional to long haul aircraft and helicopter. SAS Flight
Academy has two training centres, one in Stockholm, Sweden, and one in
Copenhagen, Denmark, and will open a third training centre at
Gardermoen, Oslo Airport, Norway, in August 2004.

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:
Saab Aircraft AB: Mr. John Belanger, Public Relations and
Communications, Saab Aircraft AB, Phone +46 13 183101
www.saabaircraft.com
www.saab.se

SAS Flight Academy: Mr. Eric Wahren, Manager Business Development, SAS
Flight Academy, phone +46 8 797 2116,
www.sasflightacademy.com



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