Saab Aircraft partners with Aviocomp for Component Repair Services

Saab Aircraft has signed a long term agreement with Saab AB subsidiary
Saab Aviocomp for repair and overhaul of its extensive Parts Exchange
Program (PEP) spares pool. The agreement also includes provisions for
joint marketing of Aviocomp's Repair and Overhaul Service (REPOS) as a
complement to Saab Aircraft's already extensive product and services

With an expected turnover of over 7 million USD annually, the seven year
agreement makes Aviocomp the preferred supplier for almost all Saab 340
components in the PEP program. An additional marketing agreement
provides the possibility for Saab Aircraft to market Aviocomp's REPOS
along side PEP to new and existing customers.

Hans Almér, President of Saab Aircraft states, "The selection of
Aviocomp as our preferred supplier for component repair is a step
forward on several levels. We streamline and thus gain efficiency in our
logistic chain, which is positive to our bottom line, while at the same
time we provide increased flexibility for our customers to choose the
logistic solution that best suits their operation and budget. We make
use of existing synergies within the Saab Technologies Group and set the
stage for possible cooperation in the future with the Saab 2000 as well
as other potential aircraft types." Mr. Almér summarizes by saying,"The
new agreement is a winning solution for all parties involved."

Saab Aviocomp President Jan-Ingvar Johansson adds,"As now being a member
of the Saab-family, I am very pleased to further develop our existing
relationship through this agreement. We have now established a platform
for a more efficient utilization of the existing civil aircraft
capabilities within the Saab Group, which will be visible to the
customers, as well as our owners. I am sure that our customers will find
the new extended service concept very attractive.

The combination of the experiences and competencies within Saab Aircraft
and Saab Aviocomp will act to facilitate additional improvements and
innovations within our common business area."

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 Area of Saab AB.

Saab Aviocomp AB, a company within the Saab Group, is a leading global
provider of component service programs for regional aircraft.

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

For further information, please contact:
Mr. Hans Almér
President, Saab Aircraft AB Phone: +46 13 182616

Jan-Ingvar Johansson
President, Saab Aviocomp AB Phone: +46 13 231950

Mr. John Belanger
Public Relations and Communications, Saab Aircraft AB Phone +46 13

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