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Cost-effective choice: Why business aviation firms favor the Saab 340

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Cost-effective choice: Why business aviation firms favor the Saab 340
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Saab 340 | Wikipedia

The Saab 340, a Swedish twin-engine turboprop aircraft, is designed to accommodate 30 to 40 passengers. As of 2018, over 200 units were operational among 34 different operators. The manufacturer, Saab AB, originated in Sweden in 1937, initially focusing on the defense industry before transitioning into the commercial airline sector in the 1970s.

The development of the Saab 340 began during that period, targeting short-haul routes. In 1980, Saab partnered with American manufacturer Fairchild Aircraft. Fairchild was responsible for certain sections of the aircraft, while Saab handled development, system integration, and certification costs. The Saab 340 emerged with four turboprop engines and a passenger capacity of 34 seats.

Operators favor the Saab 340 for business aviation due to factors such as affordability, versatility, range, and value for money. Turboprop aircraft like the Saab 340 are more fuel-efficient on short-to-medium-haul flights, have lower operating costs, and can operate from shorter and less developed runways. This flexibility enhances their suitability for companies requiring access to remote locations. Furthermore, the Saab 340 retails at a significantly lower price than many business jets, making it an attractive option for first-time buyers seeking cost-efficient operation.

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The Saab 340 has two main variants: Saab 340A and Saab 340B. The 340B variant offers improved performance and efficiency, making it suitable for regional operations. It boasts enhanced payload capacity and speed, with extended wingtips in the ExtWT models providing better lift performance.

Comparisons with other regional aircraft reveal that the Saab 340 is similar to models like the Embraer EMB 120 Brasilia and the Dornier 328. These aircraft vary in terms of design, range, and operational features, offering diverse solutions for regional travel needs.

The cost of owning a Saab 340 is relatively lower compared to many business jets. Purchase price for a used model is around $2 million, with annual insurance expenses exceeding $20,000. Customer customizations can elevate the initial purchase price, although operating costs remain lower than those of midsize business jets.

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