SAS enters into sale-leaseback agreements with Aviation Capital Group for ten new Airbus A320neo aircraft
SAS has entered into new sale and leaseback agreements with Aviation Capital Group (ACG). Through the new agreements, 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. We are pleased to renew our long-term strategic partnership with ACG, one of the world’s leading aircraft financing partners,” said Anko van der Werff, President and CEO, SAS.
“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,” said Tom G. Baker, CEO and President, ACG.
For further information, please contact:
SAS Press office, +46 8 797 29 44
Investor Relations, +46 70 997 7070
SAS, Scandinavia’s leading airline, with main hubs in Copenhagen, Oslo and Stockholm, is flying to destinations in Europe, USA and Asia. Spurred by a Scandinavian heritage and sustainable values, SAS aims to be the global leader in sustainable aviation. We will reduce total carbon emissions by 25 percent by 2025, by using more sustainable aviation fuel and our modern fleet with fuel-efficient aircraft. In addition to flight operations, SAS offers ground handling services, technical maintenance and air cargo services. SAS is a founding member of the Star Alliance™, and together with its partner airlines offers a wide network worldwide. Learn more at https://www.sasgroup.net
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