Business Services Industry
Saab Aerotech signs five-year agreement with Colgan Air
Nordic Business Report, May 24, 2006
NORDIC BUSINESS REPORT-24 May 2006-Saab Aerotech signs five-year agreement with Colgan Air(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The Swedish high-tech group Saab said on Tuesday (23 May) that its unit Saab Aerotech has signed a five-year spare parts support agreement with the privately-owned US airline Colgan Air Inc.
The agreement covers nearly 500 components installed in Colgan Air's fleet of 38 Saab 340A and 340B aircraft.
The agreement is estimated to be worth over USD30m.
One US dollar (USD) is worth approximately 0.56 British pounds (GBP).
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