Saab Aircraft Leasing doubles aircraft transactions

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Saab Aircraft Leasing completed 30 aircraft transactions in 2010, nearly double the amount recorded in the previous year.

Of the 30 transactions, 10 were sales, 18 were leases and two were third-party placements.

The bulk of the transactions - 23 in total - were for Saab 340 turboprops, including 10 sales, two extensions and 11 new leases. The company signed one new Saab 2000 lease and received extensions on a further six.

Saab 340 sales customers included Mongolia's Eznis Airways, US regional carrier PenAir, Australia's Regional Express, SkyBahamas and an outside investor.

"A developing trend continued in 2010 showing resurgence in the turboprop market as both regional and major airlines adjusted their fleet planning," says Saab Aircraft Leasing chief executive Michael Magnusson.

The company manages a portfolio of 110 Saab 340 and Saab 2000 aircraft.

Saab senior vice-president marketing Dag Waldenstrom told ATI in September that the company plans to exit the leasing market by 2015.