SAS completes sale/leaseback of four Airbus A330-300 Enhanced

SAS has secured financing of four Airbus A330-300 Enhanced through the signing of a sale and leaseback agreement with the Chinese bank Bocomm. The aircraft will be delivered during the latter part of 2015 and the beginning of 2016. The agreement means that SAS, at the time of delivery for respective aircraft, will sell the aircraft to Bocomm and then lease it back during a term of 12 years. The list price for four Airbus A330-300 Enhanced is approximately US$1bn.