SAL books entire portfolio | Aviation International News

SAL books entire portfolio

All 125 turboprops in Saab Aircraft Leasing (SAL)’s portfolio had found homes by the end of last year, leaving the company with not one of its aircraft ava

By Gregory Polek • Senior Editor

March 2, 2009

All 125 turboprops in Saab Aircraft Leasing (SAL)’s portfolio had found homes by the end of last year, leaving the company with not one of its aircraft available for lease or purchase. SAL executed 17 aircraft transactions during a period of limited availability. SAL president and CEO Michael Magnusson projects another quiet year this year, forecasting “a small turnover” of Saab aircraft in a market where 30- to 50-seat jets now account for a larger proportion of available equipment.

“Demand for good Saab aircraft continues to be strong and steady,” said Magnusson. “As always, we are pleased to see existing customers extend leases on our aircraft, while others chose to add more.”

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