Press Release

SALE Leases Two 737-800s to Shandong Airlines

10 Jul 2006

Singapore Aircraft Leasing Enterprise (SALE) has signed agreements with China's Shandong Airlines for the lease of two new Boeing 737-800s. The aircraft will be delivered from the Boeing final assembly line in the first half of 2007 and will be leased to the airline for a period of 10 years each.

Sun Yu De, Chairman of Shandong Airlines, said: “The addition of these aircraft to our fleet will enable us to meet near-term capacity demands and will supplement our direct orders with Boeing. This is our first contract with SALE and we look forward to a long and productive collaboration between our two companies.”

Robert Martin, Managing Director and Chief Executive Officer of SALE, said that the placement of the aircraft consolidated further the Singapore lessor's presence in the important Chinese market.

"Shandong Airlines is one of the fastest growing carriers in the Chinese market and we are therefore very pleased to be able to play a role in the airline's fleet development plan," he said.

SALE is the leading Asia-based aircraft leasing company, with a fleet of 81 modern aircraft flying with 33 airlines worldwide. The company has a total of 30 737-800s on firm order for delivery between the end of 2006 and 2010.
 
Shandong Airlines currently operates a fleet of 33 aircraft on services linking the North Eastern state of Shandong with destinations across China, as well as to Hong Kong, Macau, Seoul, Singapore and Tokyo.