29 Jan 2008 | Ref. 028/2008
Building on its success in the first half of 2007 when it placed 19 Jetstream 32s with 10 customers, BAE Systems Regional Aircraft today announced that a further 16 aircraft were placed in the second half of the year with four operators.
This means that at the end of 2007, all but one Jetstream 32 in the Asset Management portfolio have been contracted.
Since taking responsibility for the Jetstream 31/32 lease portfolio in 1993, the Asset Management team, principally in the Herndon, Washington DC office have managed and placed around 250 different aircraft.
The 18/19 seat aircraft retains its popularity, while continuing to find new markets. There is a strong demand for the aircraft notably in Latin America and steady placements are being made for the aircraft in both airliner and in corporate/shuttle roles.
The new business announced today is:
• Corporate Flight Management (CFM) of Smyrna, Tennessee which has purchased an additional 10 aircraft for delivery between March and August 2008. An on-demand charter company, CFM is the largest Jetstream commercial fleet operator outside the airline environment, offering a variety of corporate shuttle services;
• M2 Aircraft Management of Ysilanti, Michigan, has bought two aircraft (msn 935 and 955). Both aircraft will be deployed to its sister company, Murray Aviation;
• Servicios Aereos Professionales (SAP), based in the Dominican Republic has leased one aircraft (msn 972) and purchased another (msn 938). SAP already has two Jetstream 32s which it uses on charter operations and contract work in the Caribbean;
• SARPA (Servicios Aereos Panamericanos S.A.) of Medellin, Colombia has bought two additional Jetstream 32s (msns 933 and 937) to add to its existing fleet which it uses to support the oil industry in Medellin and for charter services on behalf of other industries in the country.
Note to editors. The aircraft sold to CFM are msns 944, 957, 958, 959, 961, 962, 963, 964, 965 and 966.
About BAE Systems
BAE Systems is the premier global 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 96,000 employees worldwide, BAE Systems' sales exceeded £15 billion (US $27 billion) in 2006*.
*On a pro forma basis, assuming BAE Systems had owned Armor Holdings Inc for the whole of 2006
For further information contact:
David Dorman, BAE Systems
Tel: +44 (0) 1582 488336 Fax: +44 (0) 1582 488447
Email: ddaviddorman@aol.com
John Neilson, BAE Systems
Tel: + 44 (0) 1252 384795 Mob: + 44 (0)7802 337704
john.neilson@baesystems.com
Issued by:
BAE Systems, Farnborough, Hampshire GU14 6YU, UK
Tel: +44 (0) 1252 384605 Fax: +44 (0) 1252 383947
24hr media hotline: + 44 (0) 7801 717739
