Air Baltic Opts for Expanded Component Support Solution From Saab

Business Wire, Sept 28, 2006

STOCKHOLM, Sweden -- Air Baltic has chosen to extend the scope of their existing component support agreement covering its fleet of Fokker 50 aircraft to a complete component support solution in a new extended agreement. The contract is valued at approximately 70 MSEK over the term of the agreement.

Saab Aerotech together with partner SAS Component have provided component services on ad hoc basis to Air Baltic's Fokker 50 operation for several years. In and expanded agreement, Air Baltic has now chosen to extend this successful relationship by utilizing an option in the current agreement to expand services. Air Baltic's new support solution comprises a total component supply program, including parts exchange, MRO and component engineering services for the entire Fokker 50 fleet at the airline.

"We are very pleased to strengthen our relationship with Air Baltic", says Anders SkENlehed, Marketing and Sales Manager at Saab Aerotech's MainPartner Division."Our component supply program has very successfully served many Fokker 50 operators over the years and we look forward to further increasing our capabilities and market in this area."

Algirds Mikelsons, SVP Technical operations at Air Baltic states, "We are very satisfied with the support we have received from Saab Aerotech and SAS Component through the years. We are quite confident that our decision to utilize the complete component supply service is the most cost-effective solution for us"

AIR BALTIC CORPORATION (Air Baltic) is a joint-stock company founded in 1995. The main shareholders are the Latvian state (52.6%) and airline SAS AB (47.2%). In 2005 the airline carried 1.04 million passengers. The Air Baltic fleet consists of sixteen aircraft: seven Boeing 737-500s and nine Fokker-50s. Air Baltic operates direct flights from two Baltic capitals: Riga and Vilnius.

Saab Aerotech is a leading supplier of integrated support solutions. With capabilities and competence spanning the defense, civil security and commercial sectors, Saab Aerotech provides a broad range of services and products for cost effective life-cycle support of customer equipment, systems and platforms. - Wherever high standards of function and reliability are demanded. Saab Aerotech is a business unit of the Saab Group.

Saab (STO:SAABB) 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 integration.

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