SAS enters financing agreements on deliveries of new aircraft

SAS has secured financing of three Airbus A320neo and one Airbus A350-900 through a S&LB-agreement with CDB Aviation Lease Finance. The A350 aircraft was delivered on March 26, and the three A320neo aircraft will be delivered to SAS during spring of 2022. In addition, the agreement also includes PDP (Pre Delivery Payments) financing of five A320neo to be delivered in 2022. The agreement means that SAS will sell the aircraft to CDB Aviation Lease Finance and then lease them back on a long-term lease.

Through the agreement, SAS has secured financing on all Airbus aircraft deliveries until the second quarter of 2022. In total SAS has ordered 80 A320neos, three A321LRs and eight A350-900s.

Continuing to add A320neo and A350-900 aircraft types into SAS’ fleet is an important strategic step in SAS sustainability development and the goal of a “one type fleet” on SAS short haul operations. Both aircraft types are state-of-the-art with superior fuel efficiency and the lowest environmental footprint and operating costs available.

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