SAS agree sale/leaseback of 4 Airbus A330-300 Enhanced aircraft

Home » Latest News » Airline News » SAS agree sale/leaseback of 4 Airbus A330-300 Enhanced aircraft

SAS has today secured financing of 4 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.

SAS Fleet Improvements

SAS completes sale leaseback of 4 Airbus A330-300 Enhanced aircraft

“It is with pleasure that I today signed an agreement that secures financing of the first phase of SAS’ long haul fleet renewal through the delivery of 4 Airbus A330-300 Enhanced. This is SAS first large agreement with a Chinese counterpart and Bocomm will become a very good partner for SAS”  Executive Vice President and CFO for the SAS Group.Göran Jansson said,

SAS will increase its efficient A330 fleet from four to eight aircraft with this order for theses A330-300 Enhanced aircraft.

But what is an Enhanced A330?

The improvements include a new cabin interior, a 2 percent fuel burn reduction and a huge increase in range, making it an aircraft suitable for use across the entire SAS flight network.

The list price for 4 Airbus A330-300 Enhanced is approximately USD 1 billion.

Login

Lost your password?