SAAB AIRCRAFT LEASING Market Report Issue 13 May 2006

Pacific Coastal introduces service to the Canadian West Coast

Sol Lineas Aereas to fly Saab 340s in Argentina

Poland’s Sky Express teams with Direct Fly MESSAGE FROM Michael Magnusson Contents

This issue has been timed to be distributed Saab Aircraft Leasing posts strong year in 2005 ...... 3 at the RAA Annual Convention in Dallas dur- ing May. It is the most important regional Saab 340s to be reintroduced to the Argentine market...... 4 aviation gathering of the year with all region- flies Saab Safir again...... 4 al and suppliers well represented. For us at Saab, it involves three hectic days Next series of Saab ads will feature catching up with all our customers, suppliers , OLT and Golden Air...... 5 and possible new clients. I always say that the RAA convention is big enough to attract Saab 340 Global Operators Conference everyone but small enough so you can actu- to be held in October...... 5 ally find everyone, something which can be a challenge at the gigantic Farnborough and Paris Air Show events. I encourage our customers outside the Family run Pacific Coastal Airlines US to attend as well — I think you would find it worthwhile. expands fleet with three Saab 340As...... 6-7

OLT broadens international presence with The industry as always continues to have its ups and downs.The large airlines Malev cooperation ...... 8 are doing better, even in the US, but they still have a long way to go.The con- tinuing rise in fuel prices is obviously making the recovery longer and harder takes fleet to 12 ...... 8 for the jet market. In our small corner of the market, we enjoy a robust busi- ness, with more deals being done and our inventory of aircraft shrinking PPG Aerospace manufactures cockpit windows steadily. During our RAA press conference I expect to be able to announce a for Saab fleet...... 9 number of these deals. Interestingly, we continue to attract more business out- side the traditional market — be it cargo, corporate or government Upcoming events with Saab...... 9 contracts. Reasonably priced attract many! Sky Express teams with Direct Fly The Saab 2000 market is proving to be especially strong. At the moment, for 340 passenger services...... 10 we have no Saab 2000 aircraft on the ground.We will get back the major- ERA airlines see traffic bolstered ...... 11 ity of the Regional fleet during 2006, and are encouraged by the interest we are seeing already for these aircraft. Many of our Saab 2000 customers are Mongolia's Eznis Airways to fly Saab 340B ...... 11 doing well, such as Carpatair, FlyLAL, Eastern and OLT, just to name a few.With four Saab 2000s flying in the US market for NASCAR racing teams, the versa- Bimini Island Air flies Saab 340A tility of the aircraft is attracting numerous operators.The Saab 2000 can do for Las Vegas real estate company ...... 11 90% of what a can do, but at a lower cost and offering more flex- ibility with its shorter runway capability. Saab operators ...... 12

The other aircraft doing very well is the Saab 340B. Availability is very lim- ited and at SAL, we only have one currently in inventory. When Chicago Express with its 17 Saab 340Bs went bankrupt in 2005 because of its par- ent company problems, we thought it would take some time to place such a large fleet, but that was not the case. Colgan took the entire fleet very quickly, driven by its new contract with Continental Airlines. On top of that, Swiss sold nine remaining Saab 340Bs during 2005 in Europe, and AMR sold an equal number in the US. This year already, REX has bought three from CIT, Colgan is taking three from Bank of America, and a start-up car- Market Report is published by Saab Aircraft Leasing. rier in Mongolia has bought two Saab 340Bs from AMR. Editor: Kelly Murphy For those of you planning to attend the Farnborough Air Show in July, we will be Emerald Media there as usual at the main Saab chalet, so please come and visit us. As it is [email protected] such a big event, we do not want to miss anyone. Europe: Alison Chambers Emerald Media [email protected]

Design and Layout: Aeris Graphic Design [email protected]

Cover photo by: Garry Cotter Michael Magnusson President and CEO, Saab Aircraft Leasing Printed in USA May 2006 ©2006 Saab Aircraft Market Report

Saab Aircraft Leasing posts strong year in 2005

The year 2005 will be recorded in avi- Included in these transactions SAL has been placing annually. ation history as the year of the turbo- were two dedicated Cargo Saab “The transactions for 2005 show prop comeback. New sales 340As to IBC and RAF Avia, further a geographically wide spread surpassed regional jet sales for the securing the Cargo market share for placement among diverse customers first time in 10 years and, in turn, the Saab 340. These latest orders will clearly demonstrating the continuing Saab Aircraft Leasing completed a grow the total of all Cargo Saab 340s worldwide appeal of the Saab air- very successful year. to 12, adding to the five existing craft,“ said Michael Magnusson, SAL placed 32 aircraft during last Quick Change aircraft. President and CEO of Saab Aircraft year, including 10 Saab 2000s and 22 As SAL enters 2006, the company Leasing. “We are also very pleased Saab 340s (See table below for details). is already off to a great start with that third parties placed another 87 These turboprops were placed with deliveries for four Saab 340A aircraft Saabs to meet the demands of the existing customers such as Carpatair, in progress. Currently, SAL has the market.” Colgan, Eastern, IBC, Lithuanian, lowest inventory of available aircraft The worldwide fleet of Saab 340s Loganair, OLT, Penair and REX. In in many years, totaling only seven and Saab 2000s is approximately addition, new customers were Saab 340As, one S340B and no Saab 500 units operated by nearly 50 sourced during 2005 including 2000s. Some 20 aircraft are scheduled customers in 20 countries. By Bimini, FlyLPI, Mash Executive, for lease returns during 2006, which December 2005, the Saab 340 fleet Pacific Coastal and RAF Avia. is nearly the same number of aircraft had accumulated 11.8m flight hours and 13.2m cycles. The highest time Saab Aircraft Leasing reports the following aircraft is at 44,500 hours, and the highest time cycles is at 53,700, with new business during 2005: a long useful life of 60,000 hours and 90,000 cycles under current MRB. The FlyLPI (Spain) Two Saab 340A Sale Saab 2000 fleet had accumulated IBC (USA) One Saab 340A Cargo Sale 970,000 hours and 956,000 cycles by RAF Avia (Latvia) One Saab 340A Cargo Sale December. The highest time Saab Bimini (USA) One Saab 340A Sale Mash Executive(Lebanon) One Saab 340A Sale 2000 aircraft is 23,200 hours and Transwest (Canada) One Saab 340A Sale 22,400 cycles reflecting a much REX (Australia) Two Saab 340A Sale younger fleet. Pacific Coastal (Canada) Two Saab 340A Sale Bridges (UK) One Saab 340A Cargo Sale Tracking third party activities Loganair (UK) Two Saab 340A Lease Saab aircraft were in demand during Colgan (US) Three Saab 340A Lease 2005, therefore a large number of Penair (USA) One Saab 340A Lease aircraft have been placed. These Shuttle America (US) One Saab 340A Sale consist of 40 Saab 340As, 35 Saab Japanese Coast Guard Two Saab 340Bplus Sale (Conversion by Saab Aircraft) 340Bs and 12 Saab 2000s. This total Amber (Lithuania) One Saab 340B Lease of 87 Saab transactions, added to Eastern (UK) Two Saab 2000 Lease the 32 SAL aircraft, makes for an Carpatair (Romania) Two Saab 2000 Lease unprecedented 119 Saab aircraft OLT (Germany) One Saab 2000 Lease placements. SAL placed 37% of the Lithuanian Airlines Four Saab 2000 Lease Saab 340As, a few 340Bs (due to lack Un-announced One Saab 2000 Sale of aircraft availability), and 45% of To t a l 32 the Saab 2000s. (10 Saab 2000s and 22 Saab 340s) Bold indicates new customers to the Saab family.

Market Report May 2006 3 Market Report

Saab 340s to be reintroduced to the Argentine market

Argentina is seeing a re-emergence of the Saab 340 with Sol Lineas Aereas' (SOL) recent purchase of two Saab 340As. This new startup carrier Director General Gustavo Cebreiro, The purchased aircraft will ini- was created to fill the void left by the an Argentinean aviation industry tially fly twice daily from Rosario to bankruptcy of Southern Wings. veteran, tells Saab Market Report Cordoba, three daily flights to Planning to launch services in July that Sol Lineas’ parent company, Buenos Aires’Aeroparque downtown from its Rosario, Argentina base, the Transatlantica, has many interests in airport, and two daily flights be- two former Shuttle America Saab the travel sector and therefore has tween Sante Fe and Aeroparque, 340s, will be delivered in June. long-term plans to include the airline. with a stopover in Rafaela. Lufthansa flies Saab Safir again

Bremen-based Lufthansa Flight In 1955, Lufthansa restarted its Training has lovingly restored a 1954 airline operations and owing to this vintage Saab Safir training aircraft expansion needed to train future for exhibition flights. The Safir was pilots. This growth prompted the developed by Saab in the 1940s as a purchase of two Safirs in 1954 and a basic trainer for both military and third joined in 1958. All three were commercial airlines. Between 1945 in service until 1967 when they and 1966, Saab built 323 of these where replaced by Beech Debonairs. trainers. It was considered an By then Lufthansa had trained nearly excellent aircraft to train budding 550 pilots on the Safirs. airline pilots. The Safir was soon The aircraft were then resold to Lufthansa Technik painted the Safir in purchased by Sabena in Belgium, Air private buyers. One of the trainers the livery it wore in the 1960s with France, Government Flight School in was purchased by E. Schmidt near the famous “flying crane” on the fin Netherlands, Garuda in Indonesia Hannover. The aircraft had logged — after 160 hours it looked like and newly re-started Lufthansa in 6000 flying hours, and Schmidt flew new. On August 2, 2002 the aircraft Germany. In addition, the Air Forces another 1400 hours until his death in was finally rolled out after its exten- of , Norway, Finland, Austria, 1999. At that time, his family donat- sive rework. Tunisia and Ethiopia use the Safir. ed the Safir back to Lufthansa. The Today, it is based in Bremen and aircraft was fully restored by a used for pleasure flights and company dedicated group of volunteers. publicity events. The Safir is flown by five active and retired flight in- structors. The 1954 vintage airframe proudly claims total flying time of approximately 7600 hours. The his- torical aircraft is stored in a Bremen hangar properly situated just next to OLT’s Saab 340s and Saab 2000s. Photos by Reimar Wendt Reimar Photos by 4 Market Report May 2006 Market Report

Next series of Saab ads will feature executives from Loganair, OLT and Golden Air

@@@@!N AIRLINE #%/ HAS MANY THINGS TO WORRY ABOUT 3AABISONET3AABISONETHINGHING )) NEVERWORRY NEVERWORRY ABOUT ABOUT *IM#AMERON*IM#AMERON,OGANAIR,OGANAIR

*IM #AMERON APPRECIATES 3AAB FOR OUR ROBUST AIRCRAFT !ND OUR ROBUST BUSINESS RELATIONSHIPS 4O HEAR MORE FROM *IM VISIT SAABAIRCRAFTLEASINGCOM OR SAABGROUPCOM 3AAB 3ATISlED

Building on its testimonial advertis- 340 operator, Loganair. Flying as a and Golden Air of Sweden will also ing campaign launched last year, partner throughout be highlighted in the ad series. Saab Aircraft Leasing will unveil the United Kingdom with a 13- These European airlines operate the three new ads during the RAA strong Saab 340 fleet, Loganair Saab 340 and Saab 2000 in their Annual Convention in Dallas, Texas. President Jim Cameron touts respective fleets enjoying the bene- One of this year’s three ads will the Saab as “a robust aircraft.” fits and versatility of both models. feature the largest European Saab Testimonials from OLT of Germany Saab 340 operators invited to October conference and trade show

Saab Aircraft of America is pleased to Electric. Also, Embraer Aviation Services v e l o p m e n d e t • t • s announce the Saab 340 Global e n e r has joined as a Bronze sponsor. m v t i c i e m Saab 340 Operator’s Conference and Trade • m c o Global Operators o c m Show October 2-5, 2006 at the • For further information contact: Conference m e i c t i m Sheraton Sand Key Resort in v Robert Kline

r e

e

n

s

t

Clearwater Beach, Florida. A productive Director Sales and Marketing •

•

t

d

n

e

event is being planned bringing the e Saab Aircraft of America v

e m

l

p

o

o

vendor community and the Saab 340 p +1 703 406 7308 l

m e

v

October 2 – 6 e

e

n

d Clearwater Beach t

operators together. [email protected]

•

•

Florida

t

s

n

e

e

r

v

m

i t

c

i

e m

•

m www.saabaircraft.com To date, two Gold sponsors are c o committed: APPH Ltd and General Market Report May 2006 5 Market Report

Family run Pacific Coastal Airlines expands fleet with three Saab 340As

The Canadian West Coast has welcomed the air service of Vancouver-based Pacific Coastal Airlines for more than 30 years. Known as the “home town airline”, Pacific Coastal embodies its reputation as it is owned and operated by the Smith family — father and four sons. Photo: Garry Cotter

6 Market Report May 2006 Market Report

In 1975, Daryl Smith saw a need to The Saab 340’s expand the coastal and interior appealing operating costs regions of the vast British Columbia “We chose the 30-seat Saab 340 air- area. While his career started in the craft because of its lower operating logging business, Daryl gained his costs,” President Quentin Smith tells aviation reputation from 36 years in Saab Market Report. He underlines the business both as a pilot and that the aircraft were purchased and owner of several regional carriers. are able to operate in and out of Growing the airline from its small 4,000 foot runways. “We are already beginnings, Pacific Coastal today starting to talk about a fourth Saab operates out of 14 bases with a fleet 340 as traffic continues to grow and of 24 various aircraft. Among these we look to sell our Embraer are eight float planes, the DHC Beaver Bandeirantes,” he added. and the Grumman Goose, which are While Daryl retains the titles of based at the Port Hardy Airport. A CEO and Director, his four sons play variety of fixed-wing aircraft, including a vital role in the daily operations the Beech King Air 200 and 1900, of the airline. Son Quentin has a Embraer Bandeirante and Shorts 360, wealth of aviation experience in are based at Vancouver International addition to his degrees from the Airport’s South Terminal. University of British Columbia and The airline’s most recent develop- Embry Riddle Aeronautical University. ment has been the addition of three Vice Presidents Sheldon and Spencer Saab 340As to its fleet during the first run the Northern and Southern British quarter. The Saabs will be used to Columbia regions with management replace Shorts 360s on existing routes staff experienced from tenure at Air to Port Hardy, Bella Bella and Masset Canada, AirBC, Trans Provincial in the Northern Region and to Airlines and others. While another Cranbrook in the Southern Region. son, Nevil, assists the maintenance Top to bottom: Family owned and operated, department in the Southern Region. the Smiths pictured left to right: Daryl, Gearing up for another Quentin, Spencer, Sheldon and Nevil. While Masset busy summer season, Daryl's roots are in the logging business, he Quentin notes that while gained his reputation through 36 years of Klemtu about 70% of Pacific aviation experience as a pilot and owner of Bella Coola Coastal’s passengers are several regional carriers. Ocean Bella Bella Falls flying for business, a Hakai Pass Anahim Williams growing number of tickets Lake Rivers Inlet Lake are being purchased for versatility for the various markets while leisure travel. He points offering the frequencies required. to the Cranbrook market A well-established name on the Port Hardy in the majestic East Canadian West Coast, Pacific Coastal Kootenays which attracts employs more than 300 people both tourists and skiers. including pilots, flight attendants, Campbell River In the Northern Region, engineers, dispatchers, customer ser- Comox Powell Masset is a favorite desti- vice agents and reservation, freight River nation for fishermen. and office workers. Thanks to the Smith Looking ahead, Quentin family, over the past three decades Cranbrook underlines the fleet mix of Pacific Coastal has successfully Vancouver Trail the 19-seat Beech 1900 expanded air travel for passengers in and the 30-seat Saab 340 the coastal and interior regions of Victoria offering the right seating British Columbia.

Market Report May 2006 7 Market Report

Saab 340 and 2000 operator OLT exceed 100,000 passengers a year. of Bremen, Germany is widening its OLT broadens Malev and OLT’s cooperation also international ties with a newly signed extends to Malev’s services to code-share agreement with Malev international Hamburg, and Munich and of Hungary that centers on a new OLT’s flights between Berlin and scheduled service between Debrecan presence Bremen. and Budapest. The twice daily flight, Independently owned OLT is one which commenced on May 1, is with Malev of Europe’s longest established operated by OLT’s 33-seat Saab 340. regional carriers. It was founded in In addition, OLT CEO Gerd Weber cooperation Emden, Germany in 1958. Today the has confirmed the creation of a new airline flies from Bremen to Bristol, subsidiary company, Civis Air, that Berlin, Brussels, , London will make it possible for OLT’s aircraft City, Nuremburg, Toulouse, Zurich and to be flown by Hungarian pilots and Hamburg and operates a daily service be maintained under a Hungarian from Bremen to Paris on behalf of Air registration number from its new France Regional. Partner airlines Debrecan base. The new Civis Air is include SN Brussels and SAS, for expected to carry 50,000 passengers to whom OLT offers passengers onward and from Debrecan by 2010, by which connections to Africa, Scandinavia, time the East Hungarian airport will North America and Asia.

Expanding Romanian regional Paris CDG on May 22. Flights will flights to Frankfurt, complementing Carpatair and sister airline Moldavian initially be operated three times a its existing flights to Munich, Airlines continues to grow its Saab week, but President and CEO Nicolae Germany. Its proposed flights to fleet having signed for a 12th Petrov says he hopes the service can London Stansted, however, will be Saab 2000 with Saab Aircraft Leasing. quickly grow to six flights weekly, delayed until early 2007. These flights The 50-seater will arrive in time to depending on demand. Carpatair is will utilize 100-seat Fokker 100s. enable the company to debut on new pressing ahead with more destinations international services from Timisoara to to western Europe. In April it started Carpatair takes Saab 2000 fleet to 12

8 Market Report May 2006 Market Report

PPG manufactures cockpit Upcoming windows for Saab aircraft events with PPG produces about 70 spare win- chemically strengthened glass reduces dows annually in Huntsville, Alabama the weight and increases the strength Saab for the Saab 340 and 2000. The com- of PPG’s aircraft cockpit transparen- pany makes them readily available to cies. Also, using laminated glass, in 2006 Saab operators globally from stock which two sheets of glass surround a in PPG depots around the world. flexible vinyl interlayer, provides extra May 22-25 During the past decade, the strength and durability to aircraft RAA Annual Convention aerospace business of PPG Industries windshields from PPG. Dallas, Texas has delivered about 650 cockpit win- www.raa.org dows for the Saab 340 and Saab Its beginnings... 2000 (both aircraft models use the Founded in 1883 as Pittsburgh June 5-7 RACCA Spring Conference same windows) since the Pittsburgh, Plate Glass Company, PPG Industries Wichita, Kansas Pennsylvania-based company started today is a global supplier of www.raccaonline.org making them in Huntsville in 1996. coatings, glass, fiber glass and chem- Proven to be reliable and durable icals. Headquartered in Pittsburgh, July 17-23 aircraft windows, the PPG windows Pennsylvania, PPG has more than Farnborough International Air Show occasionally need minor repairs and 100 production facilities worldwide Farnborough, United Kingdom have an estimated life of about employing over 30,000 employees. www.farnborough.com 25,000 flight hours or about 10 years In 2005, PPG generated sales of September 6-8 on a regional aircraft. $10.2 billion. Regional Aviation Association of Using many proprietary produc- Since 1926, PPG Aerospace has Australia Convention tion materials and techniques for all its been a world leader in production and Sunshine Coast, Queensland aircraft windows, PPG claims a superi- a manufacturer of original equipment www.raaa.com.au or product compared to its competitors and replacement cockpit windshields in terms of optical quality, temperature and windows for the commercial, September 27-29 uniformity and overall service life. For military, regional and general aviation ERA General Assembly Barcelona, Spain example, proprietary Herculite II markets. www.eraa.org

October 2-5 Saab 340 Global Operators Conference & Trade Show Clearwater, Florida www.saabaircraft.com

October 17-19 National Business Aviation Association Orlando, Florida www.nbaa.org

November 5-7 Air Transport Association of Canada 2006 Annual General Meeting Victoria, British Columbia www.atac.ca

Market Report May 2006 9 Market Report

Sky Express teams with Direct Fly for 340 passenger services

Warsaw, -based Sky Express direct, south to north of Poland in particular. The Saab 340 is an recently took delivery of its fourth routes, without a stop in ideal upgrade aircraft and good for Saab 340A, coinciding with an and we are very pleased to be moving pathfinding new routes too, says expansion into passenger operations into passenger operations with SAL Vice President Europe Dag from April 11. The regional cargo Direct Fly,” said General Manager Waldenström. The last few years operator, which has three 340 QC Contracts Jacek Roszak. Sky Express have seen a significant increase in versions, is teaming with virtual has been a Saab customer since the demand for air services to and airline, Direct Fly to offer regular October of last year, using the air- from Eastern Europe, with the domestic and international passen- craft for freight flights for UPS and region now largely incorporated into ger flights from Poland, bypassing TNT. The newer 340s complement the European Union (EU). In 2004, the traditional Warsaw hub. Flights a fleet of six Let 410 UVP-E. Two the nations of Czech Republic, from Warsaw to Wroclaw and of Sky Express’ aircraft have been Estonia, Hungary, Latvia, Lithuania, Gdansk will also be offered. purchased — one has been leased Poland, Slovakia and Slovenia all Direct Fly, via www.directfly.pl, from Saab Aircraft Leasing, while joined the EU and, in 2007, Bulgaria will offer a strong network of sched- another two have been acquired and Romania are set to follow suit. uled services linking Gdansk with from . The newest aircraft to Latest statistics provided by Berlin, with Berlin, and enter the fleet will not be a standard OAG for March 2006 show an Copenhagen and Lodz with Berlin. passenger version. overall increase in frequency by Domestically, it will use Sky Express’ 13% and capacity by 15% for the Saabs and crew to serve flights Paving the way for future Eastern European market (excluding from Gdansk to Krakow, as well as Saab aircraft in Eastern Russia). This represents an addition- to Warsaw. In addition, it will run Europe al 5,700 flights and just over 715,000 charters to the Ukraine. Saab Aircraft Leasing sees a grow- seats available to and from Eastern “This is a very exciting develop- ing market in Poland, which will Europe respectively, compared with ment for us — being able to support yield a strong need for 30-seat aircraft March 2005.

10 Market Report May 2006 Market Report

ERA airlines see traffic bolstered turboprops continue their popularity

European Regions Airline Association and Carpatair of Romania) reports it members saw their passenger only has a few Saab 2000s available traffic increase 6.3% during 2005. and when used aircraft come on to Load factors averaged a record the market, they are quickly placed. It 61.5%. Eurocontrol’s program to is also seeing new markets such as minimize enroute delays appears to Poland expand with new airlines in- be working, delegates heard, as ERA vesting in Saab 340 equipment (see gathered for its spring meeting in related story on page 10) Copenhagen. This is reflected in “The pendulum is certainly airlines’ average sector time increas- swinging back for turboprops,”stated ing in line with average sector dis- GECAS Senior VP RJ Programs Todd The first Saab 340B for a new tance (74 minutes from 72 minutes in Freeman, who while having many in Mongolia, Eznis 2004, on distances of 550km, up 50-seat regional jets to place, had to Airways, has recently been delivered. 19kms from last year). acknowledge the record 150 orders Eznis has purchased two Saab 340Bs, ERA President Antonis placed for turboprops last year. Simigdalas, COO of Saab Aircraft Leasing looks formerly operated by American of Athens, noted: “We can stop talk- forward to meeting ERA member Eagle. Saab Aerotech in Linköping ing of recovery and now talk about airlines at the New Routes’ New overhauled both aircraft. The first progress.” Once again the merits of Route Europe networking event 30-seater completed the long deliv- the turboprop were to the fore, as in Warsaw during May 21-23 high fuel prices refuse to go away. (www.newrouteeurope.com). ERA’s ery flight to Mongolia and was met SAL, which has recently seen existing 26th annual meeting will be held in by enthusiastic airline employees. customers in Europe add to the fleet Barcelona during September 27-29. (including Eastern Airways of the UK

Fort Lauderdale, Florida-based Bimini Island Air has based its second Saab 340A in Las Vegas, Nevada recently and will fly charter flights for a local real estate company. Founded in June 1993, the Bimini companies provide a diverse arena of services from aircraft brokerage, maintenance and sales, to corporate and pleasure charter flights to the Bahamas and surrounding areas. Bimini’s fleet also includes the Cessna 402, Metro III, Falcon 10, Cessna Caravan, Lear 25/35, Gulfstream I and an Astra.

Market Report May 2006 11 Saab operators

EXPRESS

MOTORSPORTSMOTORSPORTS

R

Operator Country 340 2000 Operator Country 340 2000 Operator Country 340 2000 Americas Europe & Africa Europe & Africa

Aerolitoral Mexico 13 Air Åland Finland 2 OMNI EXPRESS Portugal 2 American Eagle USA 79 Amber Air Lithuania 1 Nigeria 1 Bimini Island Air USA 2 Nordic Sweden 6 RAF-AVIA Latvia 1 Calm 7 Blue 1 Finland 5 Regional Airlines France 4 Colgan Air USA 38 Carpatair Romania 2 10 Sky Express Poland 4 Corporate Express Canada 1 CCA Czech Republic 4 Sky Taxi Poland 1 FGI USA 1 Switzerland 4 Swedish Air Force Sweden 9

MOTORSPORTSMOTORSPORTS Hendrick Motorsports R USA 3DOT Lithuania 1 Swedline Sweden 2 1 Indiana University USA 1 Germany 3 Asia & Australasia IBC Airways USA 3 Eastern Airways Great Britain 4 Air Nelson New Zealand 15 JMJ Flight Services USA 1 Fly LAL Lithuania 4 Air Rarotonga Cook Islands 1 Joe Gibbs Racing USA 1 Fly LPI Spain 1 Cosmic Air Nepal 1 Mesaba Airlines USA 50 Golden 11 4Hokkaido Air System Japan 3 Murray Aviation USA 1 Kenya 2 Japan Air Commuter Japan 11 Napleton Aviation Group USA 1 Lagunair Spain 4 Japan Civil Aviation Bureau Japan 2 Pacific Coastal Airlines Canada 3 Loganair Great Britain 13 Japan Coast Guard Japan 2 Peninsula Airways USA 7 Mali Air Express Mali 1 Macair Australia 4 Provincial Airlines Canada 2 Moldavian Rep 1 2Regional Express Australia 25 Shuttle America USA 4 Nordic Airways Sweden 1 Yeti Airlines Nepal 2 Sky Bahamas Bahamas 1 Nordic Solutions Air Services Lithuania 3 TAG Guatemala 1 Norse Air South Africa 6 Transwest Air Canada 2 OLT Germany 2 3 Saab Aircraft Leasing, Inc. Saab Aircraft Leasing Saab Aircraft Leasing Saab Aircraft of America, LLC Saab Aerotech 21300 Ridgetop Circle Postal address: 4-7-13-205 Meguro 21300 Ridgetop Circle SE-581 88 Linköping Sterling,Virginia 20166 Box 7774, 103 96 Meguro-ku Sterling,Virginia 20166 Sweden Tel: +1 703 406 7200 Street address: Tokyo, Japan 153-0063 Tel: +1 703 406 7200 Tel +46 13 18 00 00 Fax: +1 703 406 7224 Sveavägen 17, 11th Floor Tel +81 3 3792 4300 Fax: +1 703 406 7222 Fax +46 13 18 51 15 111 57 Stockholm Fax +81 3 3792 4315 www.saabaircraftleasing.com Tel +46 8 463 1400 www.saabaircraft.com Fax +46 8 463 1409 Market Report May 2006