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.