SAS signs sale-leaseback deal for 10 Airbus A320neo aircraft

Scandinavian airline SAS has entered into a sale and leaseback agreements with lessor Aviation Capital Group for ten new Airbus A320neo planes, securing long-term financing for the aircraft, the carrier said on Thursday.

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“We continue to make progress with our transformation plan and these new sale and leaseback agreements are an important part of that,” SAS Chief Executive Anko van der Werff said in a statement.

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SAS, which is undergoing a U.S. Chapter 11 restructuring, has renegotiated contracts with many of its aircraft lessors as part of big cost cuts.

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Source: Reuters

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