Scandinavian Airlines (SAS) has entered into new
sale and leaseback agreements with Aviation Capital Group (ACG).
Through the new deals, SAS has secured long-term
financing for ten new Airbus A320neo aircraft, scheduled to be
delivered through the first quarter of FY2024.
“We continue to make progress with our
transformation plan and these new sale and leaseback agreements
are an important part of that – securing competitive financing for
our renewed fleet of modern and fuel-efficient aircraft,” said Anko van
der Werff, President and CEO, SAS. “We are pleased to renew our
long-term strategic partnership with ACG, one of the world’s
leading aircraft financing partners.”
SAS, a founding member of Star Alliance, flies to
destinations in Europe, USA and Asia from its main hubs in
Copenhagen, Oslo and Stockholm.
Tom G. Baker, CEO and President, ACG, added, “ACG
is honored to welcome SAS as a renewed strategic partner. We are
delighted to support the SAS Forward transformation plan with this
sale-leaseback transaction for SAS’ latest technology and
fuel-efficient aircraft.”
