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BAE Systems releases aircraft transactions

BAE Systems announced new aircraft transactions from its regional aircraft portfolio and a strong performance across all of its regional aircraft business sectors during 2010. Across its core portfolio aircraft business, the Asset Management team of Regional Aircraft placed 52 aircraft, up from 44 in 2009. Of these, 45 were for the BAe 146/Avro RJ regional jet, where BAE Systems significantly outperformed the market, with an estimated market share in excess of 75% despite only managing around 40% of the global fleet.

New 2010 deals announced include the sale of two BAe 146s to Cobham Aviation Services of Australia, the sale of one Avro RJ100 to Titan Airways of the UK and one BAe 146-200 to fast-growing Aerolineas Star Peru. A further two BAe 146-200s were sold for conversion into aerial firefighting waterbombers (Airtankers).

The remaining seven portfolio aircraft placed were Jetstream 32 and 41 regional turboprops. The latest deal is the sale from the portfolio of two Jetstream 32s to Air National of New Zealand.

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