SAS secures financing for 4 Airbus A330-300s

25 August 2014

SAS said it has 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.

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

SAS is Scandinavia´s leading airline with daily flights to destinations in Europe, USA and Asia. SAS is a member of Star Alliance (http://www.staralliance.com/en/). Together with 27 partners, it offers over 1300 destinations worldwide in more than 190 countries. For more information, visit www.flysas.com

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