SAS has entered into a Sale & Leaseback agreement for one A350 aircraft and three A320neo aircraft, as well as a PDP financing agreement for five A320neo aircraft. The agreements are signed with CDB Aviation Lease Finance.

This is stated in a press release.

In accordance with the Sale & Leaseback agreement, the A350 aircraft was delivered on Friday and the three A320neo aircraft will be delivered in the spring of 2022. The agreement includes the aforementioned PDP, which stands for Pre Delivery Payment, for financing five A320neo aircraft for delivery in 2022. The agreement means that SAS will sell the aircraft to CDB Aviation Lease Finance and then lease them on a long-term basis.

Through the above agreement, SAS has secured financing for all Airbus aircraft deliveries through the latter part of the second quarter of 2020. In total, SAS has ordered 80 A320neo, three A321LR and eight A350-900 aircraft.

Source: Nyhetsbyrån Direkt