Press Release

SALE Appoints First Independent Director

12 Nov 2003

Singapore Aircraft Leasing Enterprise (SALE) has expanded its Board to include its first independent director, with the appointment of Andre Cohen. The appointment increases the number of Directors on the SALE Board to ten, headed by Chairman Chew Choon Seng.

Andre Cohen is Chief Executive of CF Solutions, specialising in providing financial advice to the transportation and logistics industries. Prior to establishing this company in the UK, he held senior banking positions with WestLB and Citicorp, and was Finance Director of TNT Europe for nine years. He has extensive experience of the aircraft leasing business and previously served on the Board of SALE as a shareholder representative, following the acquisition by WestLB  of SALE’s US shareholder Boullioun Aviation Services in 2001.

SALE is the leading Asia-based aircraft leasing company, with a current portfolio of 53 modern aircraft. Offering true global coverage, the company has aircraft in service with 28 airlines worldwide and offices in Singapore, London, Washington D.C. and San Diego, California.

SALE is jointly owned by Singapore Airlines (35.5%), Boullioun Aviation Services, the 100%-owned leasing subsidiary of WestLB, (35.5%), GIC (14.5%) and Temasek Holdings (14.5%).

For further information, please contact:

Sean Lee
Tel: +65 6325 9557
Mobile: +65 9619 6549
e-mail:[email protected]