Saab Aircraft Leasing Releases 1st Quarter Trend Analysis for 2004

Saab Aircraft Leasing continues to track worldwide scheduled departures
for the 19-50 seat aircraft categories. Planned flight schedules for
first quarter 2004 have just been released enabling SAL to compile a
five-year trend-line (2000-2004) and to perform a preliminary trend
analysis for the 1st quarter of this year. (See attached Appendix for
accompanying Charts 1-4.)

Summarizing the results of the SAL analysis, Michael Magnusson,
President and CEO of Saab Aircraft Leasing comments,"On a world-wide
perspective, for the first quarter of 2004, total turboprop and RJ
departures now exceed year 2000 levels for the first time since then.
Turboprops still account for the majority of departures (54%). North
America continues to represent a majority of the worldwide market with
62%. RJs outnumber turboprops for the second year in a row at 58% of all
departures, turboprops at 42%.

Activity in Europe reveals that RJ departures have actually declined in
2003 versus 2002 for 19- to 50-seat aircraft. This was prompted by the
migration of about 18-20 used RJs to the US during 2003. In Europe,
turboprop activity outnumbers RJs with 61% of total departures. For the
rest of the world, turboprops completely dominate with 88% of all

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 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 capabilities in systems

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

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