Colgan Air Expands Fleet with Two More Saab 340Bs

Colgan Air Inc. of Manassas, Virginia, today announced a firm order for
two Saab 340Bs bringing its fleet of the 34-seaters to nine aircraft.
Both aircraft will be delivered in October and will fly in USAirways
Express livery.

"The build up of our Saab 340 fleet started during the first quarter of
2000 and has been an integral part of the company strategy for long-term
growth and expansion under the US Airways code," said Colgan President
Mike Colgan.

Based outside of Washington, DC, in Manassas, Virginia, Colgan Air
provides air service to 33 city pairs in the northeastern United States
as US Airways Express, feeding connecting passengers to US Airways hubs
and focus cities of New York (LaGuardia), Boston, and Pittsburgh.

"We are pleased to continue our relationship with Colgan Air and assist
in their development of this unique regional airline operation," noted
Saab Aircraft Leasing Inc. President and CEO Michael Magnusson.

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

For further information please contact:

Michael Magnusson, Saab Aircraft Leasing
Telephone +1 703 406 7220

Mary Finnigan, Colgan Air, VP-Administration
Telephone: +1 703 368 8880

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