15 FEBRUARY 2010

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Article from BTNews 15 FEBRUARY 2010

Regional Aircraft not for sale

REGIONAL AIRCRAFT, the BAE Systems division providing aircraft sales and leasing, fleet support and engineering, is not for sale according to Managing Director Alan Fraser speaking at the annual press briefing (see above).  “We remain a profitable organisation within the group,” was all that he would say.  Any MBO or similar movement was a “no go!”  BAE was able to announce the sale of three ATP freighters to the Anglo-Swedish cargo airline West Atlantic bringing their fleet up to 43 aircraft (and a further machine to a Miami organisation) and various leasing deals for the BAe 146/AVRO series.  Most interesting was a tie-up with Mitsubishi regarding their new 70/90 regional jet due to make its first flight in 2012.  In all 44 aircraft were placed by BAE Systems during 2009. www.regional-services.com

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