Press Release

SALE Confirms Order for Up to 40 Boeing Aircraft

26 May 2005

Singapore Aircraft Leasing Enterprise (SALE) has finalised an order with Boeing for the purchase of up to 40 Next-Generation 737 aircraft. The contract was signed in Singapore yesterday evening by Robert Martin, Managing Director and Chief Executive Officer of SALE, and Mike Cave, Vice President and General Manager, Airplane Programs, Boeing Commercial Airplanes.

The contract covers 20 firm orders and 20 purchase rights, with deliveries beginning in the fourth quarter of 2006. SALE has specified the 737-800 as the baseline aircraft for its order, although the agreement provides for conversions to the smaller 737-700 or proposed higher capacity 737-900X.

As with all Next-Generation 737 aircraft, SALE's new Boeing fleet will be powered by CFM56-7B engines from CFM International. The contract for the engines was also signed yesterday, with CFM International represented by Roger Seager, Vice President Sales.

Robert Martin said that the order represented a logical diversification of the SALE portfolio and that the company looked forward to working with Boeing and CFM International to place the aircraft with existing and new 737 operators.

“With an operator base of over 100 airlines, the Next-Generation 737 series is clearly a popular choice with carriers from all geographic regions and every segment of the industry. The addition of the aircraft to our fleet will enable us to develop significantly our global business.”

Established in 1993, SALE has swiftly grown to become a global force in the aircraft leasing business, with 63 aircraft flying with 30 airlines worldwide. In addition to the newly ordered Boeing aircraft, SALE has outstanding firm orders with Airbus for nine A320s, due for delivery between now and the end of the second quarter of 2006.

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For further information, please contact:
Sean LEE
Tel: +65 6325 9557
Mobile: +65 9619 6549
[email protected]