With over 900 aircraft and more than 200 customers in 70 countries, its aircraft, including the Jetstream family, the BAe 748, ATP, BAe146 and Avro RJ continue to be key drivers in the growth and development of regional airlines. The success of these aircraft in today's competitive market is a tribute to their original design and the integrated support provided by Regional Aircraft today.
Regional Aircraft's customer base continues to grow with current customers extending their contracts and new customers signing long-term aircraft lease and support packages. This continued business growth results from the successful drive to reduce costs and Regional Aircraft's ability to meet the demanding service levels today's customers have come to expect.
Regional Aircraft's headquarters and centre of Engineering and Support is located in Prestwick, with facilities also in Hatfield (Asset Management), Weybridge (Spares Logistics), and a facility in Washington DC (Asset Management and Trading Services).
Customer Support continues to develop its business and products with a specific focus on driving down costs. This cost-down focus and competitive integrated support product will support the BAE Systems fleet of aircraft for years to come.
The Asset Management business is an acknowledged pioneer and leader in asset management with a trading portfolio of some 200 aircraft estimated to have a current market value of circa 1$ Billion. Being the world's second largest regional aircraft lessor by fleet size and the second largest regional jet lessor by fleet value. Asset Management ensures the aircraft portfolio continues to provide a competitive product to the market place whilst developing new opportunities and markets. Over a 16 year period, the Asset Management team has secured more than 1600 portfolio transactions worth in excess of $2.6 billion.
The Engineering team, with its total aircraft capability, is key to supporting the in-service fleet and providing the long-term product integrity. This engineering expertise is being used to develop variants of existing products such as the ATP Freighter and BAe 146 Airtanker. The considerable expertise gained from the Nimrod MRA4 programme is being employed to win third party revenue, with success with a number of other aircraft manufacturers.
Regional Aircraft is, and will continue to be, a leading player in the airline industry drawing on its depth of experience to deliver a strategy of growth and innovation.
