BAE SYSTEMS2003-09-02 08:59:57

BAE SYSTEMS WINS RE-MARKETING MANDATE FOR US AIRWAYS BOEING 757 AIRCRAFT

The Trading and Services business of BAE SYSTEMS Regional Aircraft has won an exclusive mandate from aircraft owners for the re-marketing of nine Boeing 757-200 aircraft currently operated by US Airways.

The aircraft are on lease to US Airways and form an integral part of the airlines' plans under the successful recently agreed re-structuring of the airline, and will be sold subject to these leases.

This important mandate marks the growing success of the Trading and Services venture that has already placed a number of aircraft into new markets on behalf of other owners.

Commenting on the deal Jon Skirrow who heads up BAE SYSTEMS Trading and Services, says: "We are delighted to be working for the aircraft owners. The services that we are providing are built upon our long experience in aircraft sales, asset management and portfolio servicing. At such difficult times in the market we believe our expertise can be vital for aircraft owners and financiers to maximise value from their aircraft.�

The agreement is with Wilmington Trust Company, acting as Collateral Agent, for nine (9) Boeing 757-2B7 Rolls Royce-powered aircraft bearing manufacturer's serial numbers 27246, 27303, 27805, 27806, 27807, 27808, 27809, 27810 and 27811.

For more information contact:
Warwick House
Po Box 87
Farnborough Aerospace Centre
Farnborough
Hampshire
GU14 6YU
United Kingdom
Tel:     + 44 1252 373232
Fax:     + 44 1252 383000












 


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