Rex Purchases Five Saab 340B Aircraft

Regional Express (Rex), the largest independent regional airline in Australia, have concluded
the purchase of five Saab 340B aircraft from Saab Aircraft Leasing.

Commenting on the deal, Rex Chief Operating Officer Chris Hine said, “Rex have had these
five aircraft on a very long lease from Saab Aircraft Leasing and now that the lease period have
come to completion we took the opportunity to purchase these aircraft. The Saab 340s are very
economical and are true workhorses, so these five aircraft will continue to provide sterling
service on the Rex regional network.”

Saab Aircraft Leasing Senior Vice President Asia-Pacific Morgan Falkengren states, "We are
very proud to be a partner to Rex, one of the most successful regional airlines in the world. The
consistent profitability of Rex demonstrates that the Saab 340 is very well suited for today’s
demanding regional airline operations.”

Rex Executive Chairman, Lim Kim Hai, said that he was very satisfied with the performance of
the Saab 340, which he described as the ideal turboprop aircraft to deliver quality air services
to regional Australia.

“Its low operating cost and fuel efficient engines have enabled Rex to become one of the
world’s most profitable regional airlines,” Mr. Lim said.

Regional Express (Rex) is Australia’s largest independent regional airline operating a fleet of
more than 40 Saab 340 aircraft on some 1,300 weekly flights to 35 destinations throughout
New South Wales, Victoria, Tasmania, South Australia and Queensland. The Rex Group
comprises Regional Express, air freight and charter operator Pel-Air Aviation and Dubbobased
regional airline Air Link, as well as the pilot academy Australian Airline Pilot Academy.

Saab serves the global market with world-leading products, services and solutions ranging
from military defence to civil security. Saab has operations and employees on all continents
and constantly develops, adopts and improves new technology to meet customers’ changing
needs.