Australian Operators Extend Saab 340 Leases for Six Years
New South Wales operators, Kendell Airlines and Hazelton Airlines
have each agreed to six-year extensions of leases on parts of
their Saab 340 fleets with Saab Aircraft Leasing AB of Stockholm,
Sweden. The Kendall agreement covers two of the 16 of this type
in the fleet, while Hazelton has extended two of its eight and
is preparing to receive a ninth. Its expansion is in order to
take advantage of the market possibilities provided by recent
deregulation in New South Wales. Of necessity, following Saab's
departure last year from civil airliner manufacture, any additions
will be of pre-used aircraft. Saab's leasing arm has a portfolio
of over 300 aircraft (340s and 2000s) with 28 airlines in 17 countries.
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