The Saab 340 is a Swedish twin-engine turboprop aircraft designed and initially produced by a partnership between Saab AB and Fairchild Aircraft in a 65:35 ratio. Under the initial arrangement, Saab constructed the all-aluminium 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, production of these components was transferred to Sweden.
On January 25th 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. In 1998, Saab decided to terminate production of the Saab 340.