It seems to me the Mesaba SF-340 leases were for 18 years starting from sometime in the early 1990's (I'm sure someone can find it on-line, I have no inclination)..The airline industry was booming, and I recall being disappointed that such long-term leases were signed...At the time, the regional jet was new and "taking over" the industry...Who would have thought in that time of cheap oil that the Saab's would survive the "RJ revolution" and maintain their niche....Personally, I feel that we will see $100/barrel oil before we see $90/barrel again, simply reinforcing the niche of an aging aircraft in a failing industry...
Weren't the leases re-signed in the Airlink Agreement of 1998?