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Defence Company, Saab sells off aircraft leasing business arm
Wednesday, 21 December 2011
Defence group Saab subsidiary, Saab Aircraft Leasing (SAL) announces five sales business of  Saab aircraft valued in the neighbourhood of approximately Skr400 million.

The transactions include the sale of aircraft from SAL’s European portfolio to Rockton Aviation (Sweden), Silver Airways (U.S.), AeroCentury (U.S.) and Alandia Air (Finland). Some deliveries took place in the fourth quarter of 2011 and the remainder will take place in first half of 2012.

SAL has also entered into an agreement to a long term lease of a third aircraft to Siam General Aviation Company, Ltd in Thailand, an aircraft that was recently delivered.

“The intention to divest the leasing portfolio has been ongoing for a number of years. This is a natural step and the sale of these aircraft will make Saab focus on core business issues,” says Michael Magnusson, President of Saab Aircraft Leasing.
By Scancomark.se Team

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