Business Services Industry
Estonian Airlines signs lease agreement with Saab Aircraft Leasing
Nordic Business Report, April 5, 2007
NORDIC BUSINESS REPORT-5 April 2007-Estonian Airlines signs lease agreement with Saab Aircraft Leasing(C)1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish defence and aerospace group Saab AB said on Thursday (5 April) that Estonian Airlines, the national carrier of the Republic of Estonia and part of the SAS Group, has signed a contract with Saab Aircraft Leasing for the lease of two Saab 340s.
The aircraft will join the carrier's fleet in May and September and will be used for scheduled flights operating from Tallinn Airport.
The Saab 340s will replace Estonian Airlines' larger 50-seat Fokker 50s. The airline's fleet also includes six Boeing 737-500 aircraft.
Last year Estonian Airlines carried some 689,800 passengers on routes to 17 destinations and held a 45% market share at its Tallinn Airport base.
Saab Aircraft Leasing manages a portfolio of about 200 Saab 340 and Saab 2000 aircraft leased to 25 airlines around the world. It has a head office in Washington, DC and regional offices in Stockholm, Sweden and Tokyo, Japan.
Saab, headquartered in Linkoping in Sweden, is a high-tech company active within defence, aviation and space. The company has over 12,800 employees and annual sales of SEK19.31bn. Saab is listed on the Nordic Exchange in Stockholm.
One British pound (GBP) is worth approximately 13.71 Swedish kronor (SEK).
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