Role Turboprop regional airliner
National origin Sweden
Manufacturer Saab AB
First flight 25 January 1983
Introduction 1984
Status Out of production, In service
Primary users Regional Express Airlines / Loganair
Produced 1983–1999
Number built 459
Variants Saab 340 AEW&C
Developed into Saab 2000
Under the production arrangement in which production was split 65:35 between Saab and Fairchild, Saab constructed the all-aluminum fuselage and vertical stabilizer along with final assembly of the aircraft in Linköping, Sweden, while Fairchild was responsible for the wings, empennage, and wing-mounted nacelles for the two turboprop engines. After Fairchild ceased this work in 1985, production of these components was transferred to Sweden.
On 25 January 1983, the Saab 340 conducted its maiden flight. During the early 1990s, an enlarged derivative of the airliner, designated as the Saab 2000, was introduced. However, sales of the type declined due to intense competition within the regional aircraft market. Saab decided to cease production of the aircraft..
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While production of the type ceased in 1999, Saab continued to develop and heavily market the 340 for various purposes in both the civil and military markets. In July 2001, the company announced that it had launched a new partnership with service provider Piedmont Hawthorne to remarket used regional 340s to corporate customers.
During the 2010s, Saab promoted the 340 in the maritime patrol mission. A specialized variant of the aircraft, designated as the 340 MSA, was mooted;
During 1997, Saab was releasing pessimistic press releases on the 340 programe, stating that it was considering the potential closure of production line, but also pledged that it would maintain full support to existing customers if this happened.