Scandinavian Airlines will be selling off four of its A321-200s without engines to Spectre Air Capital, as ordered by Southern District of New York US Bankruptcy Court.
As per SAS filing seeking court’s approval: “One of the cornerstones of SAS FORWARD (the transformation plan) is a redesigned airline fleet. As the airframes are no longer in use by the debtors, the debtors obtained an estimate of the part-out of the airframes and solicited sale proposals on the airframes from several different interested parties. Of the two bids received by the debtors, the bid submitted by Spectre was determined to be the more favourable approach compared to a part out of the airframes. Following receipt of that bid, SAS and Spectre entered into extensive negotiations, which led to the negotiation of a letter of intent (LOI)."
As per the court filings, the Letter of Intent (LoI) was signed by Håkan Arvidsson, director, aircraft acquisition and trading at SAS and Jordan E Jaffe, chief executive and manager at Spectre.
At SAS's request, Judge ordered that certain information relating to the sale, including the proposed purchase price, deposit, and scheduled delivery date, not be publicly disclosed because it is commercially sensitive.