Scandinavian Airlines (SAS) has announced sale and leaseback agreements with Aviation Capital Group (ACG) for "long-term financing" of ten new Airbus A320neo aircraft.
“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 chief executive of SAS.
“ACG is honoured 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, van der Werff's counterpart at ACG.