(02/03/23) 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.

SAS A320 reg: SE-ROA. Picture by Steven Howard of TravelNewsAsia.com

“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.”

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SAS Signs Sale and Leaseback Agreements with ACG for 10 A320neos