Saab Aircraft Leasing (SAL) has completed the sale of an undisclosed number of aircraft from its European portfolio to four companies and agreed a lease with a fifth company.
In what SAL described as “five transactions,” while declining to provide the number of aircraft, Saab 340s were sold to U.S.-based lessor AeroCentury, Finnish regional Alandia Air, Swedish aviation company Rockton Aviation, and regional airlineSilver Airways.Rockton also acquired an unannounced number of Saab 2000 aircraft, SAL told ATW.
Siam General Aviation Co., parent company of Thai carrier Nok Mini Airlines, leased a third Saab 340 under a long-term agreement.
Fort Lauderdale, Fla.-based Gulfstream International Airlines rebranded recently under the name Silver Airways.The airline announced earlier this month that it would be acquiring six Saab 340s.
The five transactions are worth approximately MSEK400 ($58 million), SALsaid, adding that it expects these transactions to generate a capital gain of approximately MSEK100.
“The intention to divest the leasing portfolio has been ongoing for a number of years,” SAL president Michael Magnusson said. “This is a natural step and the sale of these aircraft will make Saab focus on core business issues.”
Aircraft deliveries have begun, and will be completed in the first half of 2012. The lessor is based in Sterling, Va., and has offices in Linköping and Tokyo. Including these five transactions, it manages a fleet of 67 aircraft..
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