Argentine Air Force to buy four Saab 340B aircraft

Argentine Air Force to buy four Saab 340B aircraft

Saab Aircraft Leasing in cooperation with Saab Aerotech is pleased to announce
the formal decision of the Argentine Air Force to buy four Saab 340B aircraft
during 2008 and 2009. This is a culmination of a four year process to select a
new middle-size transport aircraft for the Argentine Air Force.

The total budget for the aircraft and logistic support package is approximately
34 million USD spread over five years.

These aircraft will be used to serve remote areas in the Patagonia region in
southern Argentina, replacing old Fokker F27s. The Argentine Air Force ran an
international RFP process in order to select the best package of aircraft and
support services. Saab Aircraft Leasing was declared as winner of this process
and the two parties are now formalizing a final agreement that includes four
completely overhauled Saab 340B aircraft together with a complete logistic
package of spares, manuals, tools, ground support equipment, training of pilots
and mechanics, Saab on-location technical support as well as a ”Parts Exchange
Program” on the rotables including propeller and landing gear.

Two aircraft will be delivered during the second half of 2008 and the other two
during 2009. All four aircraft will be based and maintained in Commodoro
Rivadavia. They will be operated by the Air Force-managed airline LADE serving
the Patagonia region. For this purpose all aircraft will have gravel
modification as well as expanded communication equipment. They will also meet
the latest civilian requirements on TCAS-2, TAWS, expanded DFDR, secured cockpit
doors, etcetera.

”This shows the capabilities of the Leasing organization to bid and win an
international bidding process for a government contract by using the resources
within Saab Aircraft Leasing and the support of Saab's logistic provider Saab
Aerotech,” says Michael Magnusson, President of Saab Aircraft Leasing.
“Previously Saab Aircraft Leasing and Saab Aerotech have secured contracts for
Saab 340B aircraft from the Swedish Air Force as well as the Japanese Coast
Guard.”

“This is an exciting project for my team in Sterling as it will involve delivery
of a complete logistics package for the operation in Patagonia. This will
utilize all the support expertise currently available in the Sterling, backed up
by Sweden,” says Robert Kline, Head of Operations at Saab Aerotech of America. 

Saab Aircraft Leasing manages a portfolio of about 200 Saab 340 and Saab 2000
aircraft leased to 25 airlines around the world. With 35 employees, its
head-office is in Washington, DC and regional offices in Stockholm Sweden and
Tokyo Japan.

Saab Aerotech is Sweden's leading supplier of integrated support solutions. With
capabilities and competence spanning the defence, civil security and commercial
sectors, Saab Aerotech provides a broad range of services and products for cost
effective life-cycle support of customer systems and platforms. Saab Aerotech is
a business unit of the Saab Group.

Saab serves the global market with world-leading products, services and
solutions ranging from military defence to civil security. Saab has operations
and employees on all continents and constantly develops, adopts and improves new
technology to meet customers' changing needs.

For further information, please contact:
Michael Magnusson, President & CEO Saab Aircraft Leasing
Phone +1-703-406 7220, mobile +1-703-887 35 29

www.saabgroup.com