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Saab announces transactions for civil aircraft

Saab Aircraft Leasing (SAL) announced five transactions of Saab aircraft with a total value of approximately $60m (approximately MSEK 400). The transactions will generate a capital gain of approximately MSEK 100, of which MSEK 40 will be recorded in the fourth quarter of 2011 and MSEK 60 in the first half of 2012.

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 the first half of 2012. SAL also signed a long term lease agreement with Siam General Aviation Company, Thailand, for a third aircraft, that was recently delivered.

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