06 Apr 2005
BAE Systems Regional Aircraft and three of the five airlines within the Lufthansa Regional branded grouping have signed a series of major lease transactions under which 11 further BAe 146-300s are being added together with sale and leaseback extensions on three Avro RJ85s.
This 30 percent BAe 146 capacity increase makes the Lufthansa Regional grouping responsible for the worlds largest BAe 146/Avro RJ fleet with 37 aircraft. It also underscores the BAe 146/Avro RJ as the Lufthansa 100-seat regional jet of choice.
Lufthansa Regional is a new concept unveiled in October 2003 under which five airlines - Lufthansa Cityline, Eurowings, Augsburg Airways and Contact Air of Germany, plus Air Dolomiti of Italy are members of a tighter cooperative group with a steering committee comprising the chiefs of the five airlines together with Werner Knorr as Senior Vice President, representing Lufthansa.
The three separate lease transactions cover:
- The addition of six further BAe 146-300s to the existing Eurowings fleet of eight BAe 146-200/300s. The six aircraft (Msn E3123, E3125, E3158, E3162, E3165 and E3203) will be delivered over a period from mid-April to the beginning of September;
- A further five BAe 146-300s are being leased by Air Dolomiti which becomes a new BAe 146 operator. The five aircraft (E3129, E3149, E3155, E3169 and E3193) are being delivered from the beginning of April through to mid- September;
- The sale and leaseback by Regional Aircraft of three RJ85s operated by Lufthansa Cityline. These three aircraft (E2246, E2253 and E2256) bring the number of RJ85s on lease from Regional Aircraft to Lufthansa Cityline to 13. The remaining five aircraft, out of the 18-strong fleet, are owned outright by Lufthansa Cityline.
With this further BAe 146/Avro RJ business Lufthansa has one again powerfully endorsed the long-term market acceptability of the quad-jet with blue-chip operators, as well as underlining its competitiveness compared to new generation regional jet equipment.
Paul Stirling, Senior Vice President Asset Management added: This continued endorsement of the BAe 146/Avro RJ by such a world-leading airline as Lufthansa and its regional carriers underscores our belief that the BAe 146/Avro RJ family will remain highly competitive for many years to come. We believe that new generation regional jets offer marginal improvement and in some cases less capability but with a large increase in financial risk and commitment at a time of considerable market uncertainty in the regional airline sector. We believe that for many airlines the best option very often is to do what Lufthansa has done and expand and re-commit with the BAe 146/Avro RJ.
About BAE SYSTEMS Regional Aircraft:
BAE Systems Regional Aircraft is responsible for Customer Support, Engineering and Asset Management activities covering a world-wide base of 160 customers operating over 1,100 aircraft in addition to managing a trading and leasing portfolio of some 350 aircraft.
About BAE SYSTEMS
BAE Systems is an international company engaged in the development, delivery and support of advanced defence and aerospace systems in the air, on land, at sea and in space. The company designs, manufactures and supports military aircraft, surface ships, submarines, fighting vehicles, radar, avionics, communications, electronics and guided weapon systems. It is a pioneer in technology with a heritage stretching back hundreds of years. It is at the forefront of innovation, working to develop the next generation of intelligent defence systems.
BAE Systems has major operations across five continents and customers in some 130 countries. The company has more than 90,000 people and generates annual sales of over 13 billion through its wholly-owned and joint venture operations.
For further information, please contact:
David Dorman, BAE SYSTEMS
Tel: +44 (0) 1582 488336Fax: +44 (0) 1582 488447
ddaviddorman@aol.com
