Record year for Asset Management

The asset management arm of BAE Systems enjoyed another record year in 1999, securing 26 lease or lease extensions for BAe 146s and Avro RJs in its portfolio, as well as for eight ATPs. Combined, these deals were worth US$275 million. In addition to previously announced deals, BAe 146 lease extensions included one series 300 to KLM uk, for use by its subsidiary buzz, and one series 200 to Air Wisconsin. Several additional lease extensions have not been announced. The portfolio of BAE Systems’ asset management arm currently includes 76 BAe 146s and 31 Avro RJs.

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