SAAB 340Bs to Aerolitoral of Mexico
Following the success of the Saab 340B in Aerolitoral's fleet, Saab
Aircraft Leasing has reached an agreement with the Mexican regional
airline to accept delivery of seven more Saab 340Bs during 2002. This
will bring Aerolitoral's total Saab 340B fleet to 22 units by the end of
"As part of this transaction Saab Aircraft Leasing will take
responsibility to market nine Metro 23 aircraft from Aerolitoral's
fleet. The additional Saab 340Bs will allow Aerolitoral to continue its
fleet upgrade program and serve increasing traffic markets that now
require Saab 340Bs," said Saab Aircraft Leasing President and CEO
Michael Magnusson. "We are delighted to assist Aerolitoral in its growth
plan as Mexico's largest regional airline."
Aerolitoral with annual revenue of approximately $115 million USD and
carries about 850,000 passengers a year serves 34 destinations across
Mexico, current US destinations are Los Angeles, Ontario CA, Tucson, El
Paso, San Antonio and Houston, operated under code-agreements with
Aeromexico and Delta Airlines.
Aerolitoral's main hub is Monterrey, which represents about a third of
all activity and its location of head-office and maintenance base, where
heavy maintenance is done at its own facility. Other hubs are
Hermosillo, Chihuahua and Guadalajara. The airline's Saab 340Bs are
flown intensely with an average yearly utilization of 3,000 hours per
aircraft. Average sector time flown is one hour 10 minutes.
Aerolitoral President and CEO Raul Saenz noted,
"With seven more Saab 340Bs replacing a major number of Metro 23s, we
will considerably reduce our ASK cost. Our passengers enjoy the
comfortable cabin of the Saab aircraft, this additional advantage will
allow us to stimulate the market on our extensive route network."
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 capabilities in systems
For further information, please contact:
Michael Magnusson, Saab Aircraft Leasing Phone: + 1 703 406-7220
Fax: +1 703 406-7227
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