02 Jun 2006
BAE Systems Aircraft Trading and Management Services, which provides remarketing, lease management, asset administration and advisory services to third party owners and lessors of commercial aircraft, has announced today a mandate to provide remarketing and lease management services in respect of eight Bombardier CRJ-200 aircraft owned by Wells Fargo Bank Northwest and financed by a consortium of major international aviation finance banks.
The eight aircraft were built in 1999 and 2000 with serial numbers 7336, 7357, 7361, 7367, 7372, 7401, 7405 and 7422, all of which are currently on lease to MESA Airlines in the United States, and are being offered for sale or lease. BAE Systems will provide lease management services to the owners during the remarketing period.
Commenting on this recent transaction, Jon Skirrow, Vice President - Aircraft Trading and Management Services said: This mandate represents repeat business from important clients and it adds to a very successful period for our business. Our appointment as remarketing agent confirms our position as one of the leading aircraft remarketing organisations in the world, and our concurrent appointment as lease manager takes our third party fleet towards the 100 mark and also confirms we are recognised as having the full range of capabilities to offer owners, lessors and financiers of all aircraft types around the world.
During 2006 it remains our intention to further build on this success with our existing client base, where we have developed an excellent track record of delivery in the remarketing, lease management and advisory services we provide. We also plan to develop partnerships with new clients around the world, and thus reinforce our position as one of the leading aircraft remarketing, lease management and advisory organisations in this global marketplace.
BAE Systems Aircraft Trading and Management Services currently manage over 75 aircraft on behalf of third party owners/lessors. Aircraft types successfully remarketed, managed and advised upon, in addition to the CRJ-200s, include the Airbus A320 family, Airbus A300-600s, A330s, A340s, Avro RJs, Boeing 737s, Boeing 757s and Boeing 777s.
About BAE SYSTEMS
BAE Systems is the premier transatlantic defence and aerospace company delivering a full range of products and services for air, land and naval forces, as well as advanced electronics, information technology solutions and customer support services. With more than 100,000 employees worldwide, BAE Systems’ sales exceeded GB 15.4 billion (US$28 billion) in 2005.
For further information, please contact:
David Dorman, BAE Systems
Tel: +44 (0) 1582 488336
Fax: +44 (0) 1582 488447
ddaviddorman@aol.com
