MARKET REPORT - Saab Aircraft Leasing

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MARKET REPORT - Saab Aircraft Leasing

Issue 20 OCTOBER 2008

MARKET REPORT

A PUBLICATION OF SAAB AIRCRAFT LEASING

ESTONIAN AIR’S

SAAB 340s

FEED SAS SYSTEM

OLT CELEBRATES

50TH ANNIVERSARY

SAAB 340 FLIES

EXECUTIVE-STYLE


MESSAGE FROM

Michael Magnusson

CONTENTS

The last six months have yet again shown how difficult

it is to make any predictions in this industry. Towards

the end of last year, most airlines were looking forward

to 2008 with confidence. IATA was predicting a nice

profit. Oil was hovering around $90/barrel. The $100

number seemed far away.

Then as 2008 began, oil started its rapid climb. The industry watched in horror as it

peaked around $145/barrel after just six months. Panic started spreading around

many boardrooms. Predictions and business plans for 2008 were thrown out the

window. Airline managers began saying this was worse than September 11. IATA

revised its forecast on a monthly basis and was soon talking about billion dollar

losses. Something had to be done, the business model was broken.

The legacy airlines in the US made their decision, initiated by American Airlines.

They would cut capacity 10-12 percent by the end of 2008 and park many aircraft,

mostly older equipment. A few decided to accelerate deliveries of new fuel-efficient

aircraft. Europe was affected to a lesser degree as it was partially shielded by the

decline of the US dollar. One interesting result was low fare airlines were affected

to a greater extent due to fuel being a much higher proportion of their expenses,

reaching almost half. For legacy airlines it became the largest expense, hovering

around 35 percent.

Estonian Air Saab 340s work with Boeing 737s

for SAS Connect Service . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Air Åland and Avitrans Nordic work together

to provide Finland/Sweden service . . . . . . . . . . . . . . . . . . . 5

Saab 2000 simulator moves to

Oxford Aviation Academy . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Darwin Airline supports Euro 2008 . . . . . . . . . . . . . . . . . . . 7

OLT celebrates 50th anniversary. . . . . . . . . . . . . . . . . . . . . 8

Saab 2000 AEW&C on display at Farnborough . . . . . . . . . 8

Saab 340 executive aircraft round-up. . . . . . . . . . . . . . . . . 9

SAL’s Michael Magnusson assesses used

turboprop market. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Saab Destinations: Dalanzadgad Airport . . . . . . . . . . . . . . 11

Saab operators . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

This, of course, soon impacted regional airlines as well. In the US, a few legacy

airlines began cancelling contracts for capacity buys, some ended up arguing in

court. Suddenly everyone had too many 50-seat regional jets. It is now forecast

over 200 of these RJs will become surplus in the US over the next few years. A

Delta executive referred to these RJs as the “SUV in the air with the highest fuel

consumption per seat basis.”

This was bound to have an impact at Saab as well. American Eagle was forced to

cut capacity and obviously chose the smallest aircraft in its fleet: the Saab 340

and E-135. They have 27 Saab 340Bs in service, which will be parked during the

rest of 2008 and early 2009. They have already sold a few. As supply of Saab

340Bs is tight, this move by AMR Eagle will be appreciated by those seeking a

fuel-efficient, 30-seat aircraft with excellent customer support.

This shows, yet again, the need to be flexible and pick the right equipment. Most

Saab operators appreciated its low fuel burn when oil prices were soaring. The very

fuel-efficient GE engine came through again as a good benefit to the Saab 340.

Who knows where oil prices will stabilize Currently oil is $110/barrel. With this

level and a fuel-efficient aircraft, the business model works with the Saab 340.

Many of our customers are showing this in their numbers. One, OLT in Germany, is

celebrating its 50th anniversary, and they have flown the Saab 340 nine out of

those 50 years. (See related story on page 8.) Rex posted another profitable year

with its all Saab 340 fleet.

Over the next few months we will be participating in a couple of events, namely the

Saab 340 Global Operators’ Conference in Florida and the ERA General Assembly

in Manchester. The Saab 340 Global Operators’ Conference is looking to be another

great event organized by Saab Aerotech. I urge all Saab 340 operators to attend.

We have a good time as we exchange experience in the type. See you there!

COVER PHOTO:

Estonian Air feeds the Scandinavian Airlines System via

Stockholm, Oslo and Copenhagen with two Saab 340s and

six Boeing 737s.

Cover photo by Eryl Crump

BELOW:

OLT, Germany’s second oldest airline, hosted a special 50th

anniversary party at the airline’s Emden base.

The Saab 340 can provide a reliable and economical transport

for business executives in stylish comfort.

Market Report is published by

Saab Aircraft Leasing

Editor: Kelly Murphy

Emerald Media

kelly@emeraldmediaus.com

Europe: Alison Chambers

Emerald Media

alison@emeraldmedia.co.uk

Design and Layout:

Aeris Graphic Design

jennifer@aerisgraphicdesign.com

Michael Magnusson

President and CEO, Saab Aircraft Leasing

Printed in USA October 2008

©2008 Saab Aircraft


MARKET REPORT

ESTONIAN AIR SAAB 340s

WORK WITH BOEING 737s FOR SAS

CONNECT SERVICE

Story and photos by Eryl Crump

Estonian Air has increased its cost-effective regional air service since

the introduction of two Saab 340s last fall. The national airline of

Estonia, the Tallinn-based airline feeds into the Scandinavian Airlines

System (SAS) network via Stockholm, Oslo and Copenhagen with a

fleet of six Boeing 737-500s and two Saab 340s.

Operating as Estonian Air Regional, a wholly-owned subsidiary company

with its own AOC and Operators License, the 33-seaters are servicing

Estonian Air flights between Tallinn-Helsinki, Tallinn-Vilnius,

Tallinn-Minsk, Tallinn-Stockholm and Kuressaare-Stockholm.

Estonian Air Vice President-Operations Rait Kalda tells Saab Market

Report, “By introducing the Saab 340 into the existing fleet of

Boeing 737s, Estonian Air hopes to capture and develop the growing

demand for air travel between Estonia and our neighboring regions.

The aircraft has a comfortable cabin with leather seats. All flights are

operated with one service class with the service level depending on

the destination. Flights from Tallinn to Vilnius and from Kuressaare

to Stockholm includes a meal service, while flights from Tallinn to

Helsinki and Kuressaare offer beverages only due to the short flight

time.”

Kalda notes the schedule (to Helsinki, Vilnius and Stockholm) has

been designed to meet the demand of the Estonian market, by offering

an early morning departure from Tallinn together with an evening

return flight. Flights from Tallinn to Kuressaare and from Kuressaare

to Stockholm are operated twice a week, enabling both longer spa

holidays and weekend breaks. “They are proving to be very successful

and have increased our regional service very efficiently and cost

effectively,” he adds.

Initially the aircraft were operated by Swedish airline Golden Air.

Market Report | October 2008

3


MARKET REPORT

Kalda underlines “Until finalizing necessary documents, Golden Air

operated the flights instead of Estonian Air Regional, but the service

on board was according to Estonian Air standard.”

On March 6, 2008 Estonian Air Regional received the air carrier’s

Operating License from the Estonian Ministry of Economic Affairs

and Communications and the Air Operator Certificate (AOC) from

Estonian Civil Aviation Administration. “This made it possible to

enter the Saab 340 aircraft into the Estonian aircraft registry. Having

our own AOC and Operating License simplifies running of the company

and make the operations even more effective,” adds Kalda.

In the first eight months of 2008, Estonian Air carried 483,875

passengers, a 10.3% increase year-on-year. In August, Estonian Air

flew 73,335 passengers, a 1% increase year-on-year despite the drop

in charter operations.

Government beginnings...

Estonian Air was established and started operations on December 1,

1991, shortly after Estonia reacquired independence. It was founded

by the Estonian government with aircraft acquired from the defunct

local Aeroflot Division and was partially privatized five years later.

The privatization allowed the acquisition of Boeing 737-500s to replace

its old Soviet planes. The first two arrived in 1995 and by the

following year, after obtaining more of the Western-built aircraft, it

was able to retire the Soviet fleet entirely. The airline now operates six

of the type and next spring will introduce two new Bombardier CRJ-

900NG aircraft.

Estonian Air has strong links with SAS. It operates frequent flights to

SAS hubs – the airline boasts “Well connected with SAS” status and

the airline’s frequent flyer program is SAS’ EuroBonus scheme.

4

Market Report | October 2008


MARKET REPORT

AIR ÅLAND AND AVITRANS NORDIC

WORK TOGETHER TO PROVIDE

FINLAND/ SWEDEN SERVICE

Story and photos by Eryl Crump

Flights to the beautiful Åland

islands, an archipelago that

stretches from the Finnish coast

southwest towards Sweden, are

flown by a new operator. Avitrans

Nordic AB, which already operates

air traffic with Saab 340 for

several airlines, began flying from

Mariehamn to Helsinki and

Stockholm for Air Åland on

August 11. Two Avitrans Saab

340s are based at Mariehamn for

the flights.

Avitrans Nordic President Mikael

Wångdahl says, “We are delighted

that Air Åland chose Avitrans

Nordic as a supplier and look forward

to working with them. This

expansion of activities is part of

our long-term strategy to establish

operations in Finland. Avitrans has the right aircraft and the competence

to be a part of Air Åland continued service development.

Air Åland CEO Jörgen Gustafsson adds, “We have a new long-term

supplier with Avitrans Nordic. The combination of Avitrans Nordic

and Air Åland looks exciting for the future. This gives us a platform

for the company’s future development that no other operator could

offer. The synergies that exist will make us stronger in the market

and be able to strengthen our customer focus, which is a goal for

the future.”

Operations started on October 29, 2005. Air Åland operates scheduled

services from Åland to Helsinki four times a day and twice each

weekday to Stockholm.

The beautiful Åland Islands

Air Åland is the provincial airline of the islands and is based in

Mariehamn, the archipelago’s only airport.

The airline was founded on January 14, 2005 with a broad base of

owners within the trade and business of the Åland islands. The goal of

the owners is to maintain air traffic with good quality for a low price

to mainland Finland and Sweden.

Market Report | October 2008

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MARKET REPORT

Air Åland AB was created in 2005

Gustafsson tells Saab Market Report discussions on starting an Ålandbased

airline company have been ongoing for a long time. “A regular

air traffic service both west- and eastwards is vital for the competitiveness

and development of Åland economy. Thus, the company Flyg &

Far Åland AB, later Air Åland AB, was founded in January 2005. The

shareholders include 24 companies and four private investors. The

overall goal of the owners is to maintain and secure air traffic based

on local requirements, reasonable prices and to contribute to the development

of the local trade and the core businesses.

“The first flights were to Helsinki, and on March 13, 2006 the traffic

was started between Mariehamn and Stockholm-Arlanda,” he notes.

Last year the airline carried about 60,000 passengers on its scheduled

flights. Charter flights from the islands to the mainland and further

afield were also carried out.

Until August the airline’s operations were carried out by UAB Avion

Express, previously Nordic Solution Air Services. The new name was

adopted in January when Icelandic company Avion Aircraft Trading

purchased the company.

Avitrans Nordic has also taken over flying operations for Wingo

Express. The company was founded in 2007 and is owned by the

Swedish Tamares Holding Sweden AB and Scanproducts Ltd, in

addition to the Finnish Oy Touch N´ Go AB and Eriksson Capital AB.

Wingo Express began operating a twice-weekday service between

Turku and Tampere in southern Finland to Oulu in the north in

January 2008 with a Saab 340 operated by UAB Avion Express. It has

carried about 20,000 passengers on the service which links three important

business centers – Tampere is the nearest airport to the town

of Nokia, the mobile phone manufacturing company.

6

Market Report | October 2008


MARKET REPORT

SAAB 2000

SIMULATOR MOVES

TO OXFORD

AVIATION ACADEMY

A Saab 2000 simulator, formerly used by Crossair in Basle,

Switzerland, recently joined a Saab 340 simulator among 12 full flight

simulators at the Oxford Aviation Academy (OAA) in Stockholm,

Sweden.

OAA recently acquired General Flying Services, a leading ab initio

airline pilot training program in Australia. The acquisition, backed by

STAR Capital Partners, is a key strategic addition to the Group’s

Aviation Training-Ab Initio division which also comprises the former

Oxford Aviation Training, one of the world’s largest and most respected

airline pilot training school.

The Group was created in February 2007 through the US$275 million

merger of GE Commercial Aviation Training and SAS Flight

Academy, followed by the BAE Training Center in Manchester, UK.

In addition, Par Aviation was recently acquired, adding aviation resourcing

to the Group portfolio.

DARWIN AIRLINE

SUPPORTS EURO 2008

Darwin Airline flew 20 flights in support of the Euro 2008

soccer tournament held in Switzerland and Austria in June.

The Lugano-based regional airline formed a partnership with

the football associations of Germany and Sweden who had

chosen the town of Ticino as their base for the championships.

A Saab 2000 was used to fly the team, their support

staff and officials from Lugano to Vienna, Basel, Innsbruck,

Salzburg and Klagenfurt where their matches were played.

All four of the airline’s aircraft were adorned with a special logo for the

three-week long tournament. The final flight was made on June 27

when the German team was flown to Vienna for the final. In an exciting

match, the Spanish national team emerged victorious.

Darwin Airline Charter and Sales Network Manager Barbara Strub says:

“Darwin Airline is not new to this type of service. We have hosted on

board several teams, both national and international, confirming we are

able to please customers seeking a particular type of treatment and

adapted to their needs.”

Market Report | October 2008

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MARKET REPORT

OLT CELEBRATES 50TH ANNIVERSARY

Germany’s second oldest airline, regional carrier OLT

(Ostfriesische Lufttransport GmbH), celebrated its 50th

anniversary with a special party at the airline’s Emden base

on September 12.

fleet reflects the nature of operations. At the same time, while we are a

small airline, we operate on a much broader level through key strategic

partnerships with bigger airlines – SAS, Malev, Icelandair and SN

Brussels.”

OLT was founded in 1958 at Emden and is owned by two shipping

companies, Reederei Agems (74.9%) and FLN Frisia Luftverkehr

(Reederei Norden-Frisia) (25.1%). Initially, the airline operated air taxi

flights to islands in the North Sea. Services were expanded to charter

flights within Europe and in 1991 to scheduled services on domestic

regional routes from Bremen.

Co-Managing Director Dr. Berhard Brons adds: “Over the past 50

years our company’s success has been based on the fact that OLT has

always paid attention to customer demand and, with a great degree of

flexibility, has developed promising niche markets. Larger carriers

often ignore destinations with regular passenger loads of 20-100 passengers.

That’s exactly where our strength lies.”

A steady expansion of the regional timetable has continued since

1993, starting with scheduled flights to Bremen-Brussels and

Nuremberg. These are now operated by a fleet of Saab 2000s and

Saab 340s, assisted by Metroliners and Fokker 100s.

“Niche operations is what we have always been about,” says Managing

Director Gerd Weber. “We go to places that other airlines don’t and our

The first Saab was introduced in 1999 when the airline was looking

for a larger aircraft and was drawn to Saab aircraft because of its superior

comfort and strong product support.

“From the outset, the aircraft was popular with passengers and it was

not long before a bigger aircraft was required as OLT looked to add

more international services,” notes Weber.

SAAB 2000 AEW&C ON

DISPLAY AT FARNBOROUGH

The Saab 2000 ERIEYE Airborne Early Warning & Command System

(AEW&C) took a brief pause from its successful flight test program to

make a debut appearance at the Farnborough International Air Show in

July. The flight test program began in April in Linköping and moved to

Granada, Spain for the favorable weather and hot and high conditions during

the summer prior to arriving at the world’s largest air show. Towards

the end of this year, the aircraft will be handed over to Saab Surveillance

Systems to implement the systems testing phase of the program.

The Saab 2000 AEW&C is an advanced tactical surveillance system. It

utilizes the latest generation Active Electronically Scanned Array ERI-

EYE radar, now capable of detecting small air and sea targets, hovering

helicopters and cruise missiles. It has a 450km instrumented range

and provides coverage at 20km (65,000 ft) and can effectively survey a

500,000 square meter area and automatically track priority targets. In addition

to the AEW&C role, the aircraft can be used for national security

and border protection missions, as an airborne command and control for

disaster management coordination or emergency air traffic control.

8

Market Report | October 2008


MARKET REPORT

SAAB 340 EXECUTIVE AIRCRAFT ROUND-UP

by Paul Bryson

The Saab 340 executive aircraft has proven to be as dependable

and economically attractive as it is with the airlines of today.

Whether used for charter contracts to favorite vacation destinations

or in the private sector as a means of bypassing the world’s busier

airports and delays associated with them, Saab’s quality of reliable

service and its high level of customer support provides the basis for

successful operations in the future. Here is an update on a few

models operating in the US.

NAPLETON AVIATION GROUP

The executive-configured Saab 340 is one of the most exclusive configurations available. Napleton Aviation Group’s Saab 340A-036 is a prime

example of many years of executive service with various operators. In 1985, the APU equipped 036 was first delivered to corporate giant

Philip Morris and after several years of faithful service, it moved on to AMP, a global electronic company now known as Tyco, for the balance

of the century. Prior to service with Napleton, it flew corporate services for Anglo American, which is a worldwide group of companies involved

in natural resources including mining. Aircraft N727DL was

purchased by Napleton in late 2003 for use in FAA Part 91 operations

(private transport) for the Group.

Today the aircraft features a recent interior makeover by Elliott

Aviation of Moline, Illinois. Its interior has been updated to current

executive standards which include drop down flat screen televisions,

leather seats, wet bars, work stations and other select amenities typically

found in a corporate aircraft cabin.

According to Napleton Director-Operations and Chief Pilot Harold

Ebenroth, the aircraft is providing FAA Part 135 charter services in

the Chicago area through DB Aviation.

IBC AIRWAYS

Saab 340A-029 has found a new

home with IBC Airways based in

Miami, Florida. IBC acquired 340A-

029 in May of this year, its seventh

Saab 340 (the first six are in cargo

configuration), and had the aircraft

in executive operations by late July.

The aircraft was previously with

Indiana University for nearly eight

years operating as a sports team and

executive shuttle. It features a 1+1

configuration with 18 oversized leather seats and an APU.

JMJ FLIGHT SERVICES

Privately owned Saab 340A-050 of Harmony Investments is

operated by JMJ Flight Services based in Virginia Beach and

features an updated interior. The aircraft has a unique prop

brake allowing the engine to operate while the prop remains

still. This gives the operator the ability to use electrical amenities

driven by engine power, including air conditioning and

cabin lighting while on the ground. JMJ First Officer Tim Miller

notes the aircraft is a hard-working asset which is constantly

being scheduled for operation.

PEGASUS AIR

Quite like 340A-036, aircraft 340A-042 has also experienced an

extensive overhaul of its interior which was completed by Fort

Lauderdale based, PRO Aircraft Interiors. This aircraft flies with

Pegasus Air, a private operator for the owners of the Ritz-Carlton in

the Cayman Islands. It has undergone extensive interior refurbishments

and redesign with STCs in place. Pegasus Air Chief Pilot

Tyson Chavez tells Saab Market Report this refurbishment is two

years in the making and is well worth the wait.

Market Report | October 2008

9


MARKET REPORT

SAL’S MICHAEL MAGNUSSON ASSESSES

USED TURBOPROP MARKET

The current economic environment

has set the stage for a market which

is “not black and white and one in

which aircraft operators sway between

RJs and turboprops,” SAL

President and CEO Michael

Magnusson opined at the recent US

Valuation Conference organized by

Commercial Aviation Events in

Washington, DC. With the supply of

used turboprops continuing to decline,

Magnusson noted the supply

of good Saab 340s is at an all time

low. American has begun its

planned phase out of 27 Saab 340s

and will complete the plan by Spring

2009. These aircraft are already

finding new homes. Most recently,

two have been delivered to

Australian regional MacAir of

Queensland. Operational by the end

of 2008, MacAir already operates six

Saab 340Bs.

30- and 50-seat Turboprops & Regional Jets (Worldwide)

In both the passenger and cargo operations, the

Saab 340 maintains a leading position in the 30-

seat market with nearly 40 Saab 340A models

used as cargo aircraft.

The Saab 340 fleet has passed the 13 million

flight hour mark with 414 aircraft flying with 60

operators in 31 countries. The Saab 2000 fleet

has flown 1.1 million flight hours with 58 aircraft

flying with 13 operators in 11 countries.

Average Daily Departures

10000

Totals

3Q01 (17941) 3Q02 (17527) 3Q03 (17749) 3Q04 (18482)

3Q05 (18888) 3Q06 (18110) 3Q07 (17994) 3Q08 (16926)

8000

6000

The total number of flights for the

30- to 50-seat daily departures

worldwide are down 6% over the

last seven years from 18,000 to

17,000, while the total number of

flights has been stable during the

same period in North America. (See

charts at right)

4000

2000

0

- 50% - 17% - 29% + 73%

30-seat TP 50-seat TP 30-seat RJ 50-seat RJ

The 70-seat market is “where the action

is,” says Magnusson with worldwide

departures growing from 1,700

per day to nearly 5,000 daily.

Possible recession trends include the

effect on regionals as legacy airlines

cut back operations by 10-12 percent

and the 50-seat RJ surplus of

200-300 aircraft over the next few

years will need to be replaced.

30- and 50-seat Turboprops & Regional Jets (North America)

Average Daily Departures

10000

Totals

3Q01 (10303) 3Q02 (10103) 3Q03 (10767) 3Q04 (11623)

3Q05 (11998) 3Q06 (11258) 3Q07 (11162) 3Q08 (10120)

8000

6000

4000

-8%

“My gut feeling is that used turboprops

will be less affected by the recession

due to lower operating and

capital costs,” he concluded.

2000

0

- 58% - 47% - 33% +104%

30-seat TP 50-seat TP 30-seat RJ 50-seat RJ

10

Market Report | October 2008


MARKET REPORT

SAAB DESTINATIONS

by Paul Bryson

Dalanzadgad

Special Facts

Population:

17,000 inhabitants

Average annual rainfall:

15 days = 13cm/5 in

Currency:

tögrög

(pronounced “tugruk”)

Photo: Bill Bilegsaikhan

Dalanzadgad

Airport (ZMDZ/DLZ)

Located at an altitude of about

1,470m/4,800 ft above sea level,

Dalanzadgad Airport is just

outside and northeast of the city

of Dalanzadgad City, the capital

of Umnugobi aimag (province).

This airport handled about

19,000 passengers in 2007, and

boasts the second largest domestic

passenger volume among

Mongolian airports.

Gurvan-Saikhan, as the airport

is known locally, was founded

in 1957 and moved into a new

terminal in early 2007.

Handling 60 passengers in an

hour, the airport is equipped

with modern telecommunication

equipment and aircraft fueling

with heating equipment

and a GPU is available. The airport

provides navigation services

to several other airports in

the area and most recently the

Mongolian government has officially

listed DLZ as an international

airport. Last year, the

new airport received one international

flight. Future plans are

being developed for immigration

and border posts, as well as

other services required for international

flight handling.

There is only one runway available

at DLZ (030/210), formerly

a grass covered surface, which

has recently undergone major

improvements including a fresh

2,200 m/7,200 ft asphalt surface

and a modern runway lighting

system. During the summer

season, DLZ makes very good

use of the 14-16 hours of intense

sunlight by collecting

solar power to complement

other forms of power.

Improvements planned

Initially, the DLZ airport offered

only a small passenger terminal,

with limited facilities for

passenger services. But, with the

increased activity surrounding

the gold and copper mining

prospects at nearby Khanbogd,

and the need to further develop

the tourism industry, the

Mongolian Civil Aviation

Authority (MCAA) built a new,

more pleasing terminal and upgraded

its equipment/runway.

Dalanzadgad is a relatively industrialized

town with well-developed

infrastructure and

approximately 17,000 inhabitants.

There is a coal-fired powerplant,

a publishing house, as

well as candle and felt factories

and wool-washing plants.

Because of the number of

tourists who visit the area, the

town has various camps which

engage many of the locals in the

tourism industry.

Eznis Airways, operating three

Saab 340Bs (259, 297, 359) has

scheduled service into and out

of DLZ. During the fourth

quarter of 2008, Eznis will offer

daily flights to Ulaanbaatar (or

Ulan Bator) which is Mongolia’s

capital city and also its largest

city. Air transportation is the

most desired of all travel options,

and another popular option,

the motorcycle, is slowly

replacing the camel and horse.

Since Dalanzadgad is typically

considered a starting place for

the tourist’s route into the Gobi,

scheduled service from the capital

is welcomed, because the charters

flights will generally arrive from

Ulaanbaatar loaded with passengers,

but return empty.

The Gobi is not as sandy as one

might suspect, but instead covered

with bare rock. In comparison,

Dalanzadgad provides the

typical scenery associated with

desert-like regions because the

town is covered in 50 cm/20 in

of sand.

Fortunately, the town’s people

believe that walking barefoot on

the sand is good for the kidneys.

Photo: Bill Bilegsaikhan

Market Report | October 2008

11


R

MARKET REPORT

Operational status

Saab 340

414 aircraft in service

60 operators in 31 countries

13.1 million flight hours

14.6 million flights

Saab 2000

58 aircraft in service

13 operators in 11 countries

1.1 million flight hours

1.1 million flights

SAAB 340

SAAB 2000

SAAB 340 & 2000

(as of July 2008)

Operator Country 340 2000

Americas

Operator Country 340 2000 Operator Country 340 2000

Americas

Europe & Africa

AeroMexico Connect Mexico 5

American Eagle USA 53

Bimini Island Air USA 2

Calm Air Canada 6

Caribair Dominican Rep. 2

Colgan Airways USA 40

Corporate Express Canada 1

FGI Associates USA 1

Ginn Development USA 2

Hendrick Motorsports USA 3

IBC Airways USA 7

JMJ Flight Services USA 1

Joe Gibbs Racing USA 2

Mesaba Airlines USA 49

Murray Aviation USA 1

Napleton Aviation Group USA 1

Pacific Coastal Airlines Canada 8

Pegasus Air Cayman Islands 1

Peninsula Airways USA 10

Prince Edward Air Canada 1

Provincial Airlines Canada 2

Saint-Ex Mexico 3

SkyBahamas Bahamas 3

SOL Argentina 3

TAG Guatemala 1

Transwest Air Canada 3

Vigo Jet Mexico 1

Western Air Bahamas 3

Europe & Africa

Air Express Sweden 3

Airfast Congo 1

Avion Express Lithuania 3

Avitrans Nordic Sweden 13

Carpatair Romania 12

Central Connect Airlines Czech Republic 7

CTK Network Aviation Ghana 2

Darwin Airline Switzerland 4

DOT Lithuania 2

Eastern Airways Great Britain 6

Estonian Air Regional Estonia 2

Fleet Air Hungary 2

flyLAL Lithuania 4

Golden Air Sweden 9 4

Kenya Airways Kenya 2

Loganair Great Britain 16

Mali Air Express Mali 2

Mars RK Ukraine 2

Moldavian Airlines Moldavian Rep 2

NextJet Sweden 1

Norse Air South Africa 5

NRT Gabon 2

OLT Germany 2 3

Overland Airways Nigeria 1

RAF-AVIA Latvia 2

Robin Hood Aviation Austria 2

Ryjet Spain 1

SkyTaxi Poland 1

Solinair Slovenia 3

South Airlines Ukraine 2

Sprint Air Poland 10

Swedish Air Force Sweden 9

Asia-Pacific

Air Rarotonga Cook Islands 1

Eznis Airways Mongolia 3

Hokkaido Air System Japan 3

Japan Air Commuter Japan 11

Japan Civil Aviation Bureau Japan 2

Japan Coast Guard Japan 4

MacAir Australia 8

Polet Airlines Russia 6

Regional Express Australia 41

www.saabaircraftleasing.com

www.saabaircraft.com

Saab Aircraft Leasing, Inc.

21300 Ridgetop Circle

Sterling, Virginia 20166, USA

Tel: +1 703 406 7200

Fax: +1 703 406 7224

Saab Aircraft Leasing

Postal address:

Box 7774, 103 96 Stockholm, Sweden

Street address:

Sveavägen 17, 11th Floor

111 57 Stockholm, Sweden

Tel: +46 8 463 1400

Fax: +46 8 463 1409

Saab Aircraft Leasing

4-7-13-205 Meguro

Meguro-ku, Tokyo

Japan 153-0063

Tel: +81 3 3792 4300

Fax: +81 3 3792 4315

Saab Aerotech of America, LLC

21300 Ridgetop Circle

Sterling, Virginia 20166, USA

Tel: +1 703 406 7200

Fax: +1 703 406 7222

Saab Aerotech

SE-581 88 Linköping

Sweden

Tel: +46 13 18 00 00

Fax: +46 13 18 51 15

Market Report | October 2008

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