Golden Air signs up for a third Saab 2000

Golden Air of Lidköping, Sweden has entered into an agreement with Saab
aircraft Leasing to lease a third Saab 2000 aircraft for delivery in
April 2003. The aircraft will be used to operate on behalf of start-up
virtual airline, linking one of the fastest growing
business and leisure regions in southern Sweden with Stockholm's
downtown airport of Bromma.

Kullaflyg is based on the same successful format as,
which is operated by a Golden Air Saab 340. In operation for two years, is based on internet bookings combined with a simple low
fare structure and has grown to be one of the quickest and cheapest way
for the islanders of Gotland to access the mainland.

Golden Air Managing Director Anders Källsson said, 'The Saab is the most
realistic aircraft for these routes in terms of its operating economics,
speed and, importantly for this part of the world, its low environmental
impact.' He added, 'Besides, passengers like the Saabs.' The airline
also operates the Saab 2000 in close cooperation with Finnair, linking
the Finnish capital of Helsinki with Stuttgart in southern Germany.

A long time Saab operator, Golden Air has operated in its present form
since August 1993 and is part of the Erik Thun AB Group, which has
international operations in aviation, shipping and real estate.

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; and Sydney, Australia. 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 defense, aviation and space. The group
covers a broad spectrum of competence and capability in systems

For further information, please contact:
Michael Magnusson, Saab Aircraft Leasing
Telephone +1 703 406 7220

Dag Waldenstrom, Saab Aircraft Leasing
Tel: +46 8 7006740

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