The regional aircraft leasing divisions of British Aerospace and Saab generated some $450 million-worth of business through lease extensions and sales last year. The two arms, which are linked at a corporate level through British Aerospace's 35% stake in Saab, remain coy about the prospects of their remarketing activities being consolidated.
During 1998, which was Saab Aircraft Leasing's (SAL) first year as a dedicated leasing company, some 24 Saab 340s and 2000s were remarketed, worth $100 million.
Saab is winding up production of new aircraft this year and its business focus will continue the shift towards an asset management role, as around 320 aircraft of the 500-strong in-service fleet are leased from the manufacturer. The division says it will be able to place all 20 Saab turboprops that will become available during 1999.
Meanwhile, BAe's Asset Management Jet (AMJ) and Turboprop (AMT) divisions achieved revenues of some $350 million during 1998. AMJ's successes included the sale of 10 BAe 146s, worth $100 million, and new/extended leases worth $138 million. AMT placed 69 aircraft and sold a further 21 from its portfolio, with a combined value of $114 million.
Speculation continues on a linking up of the Saab and BAe leasing businesses, and discussions are known to have taken place.
Source: Flight International
