SAS enters into sale-leaseback agreements with Aviation Capital Group for ten new Airbus A320neo aircraft

02 Mar 2023 08:00 CET

SAS has entered into new sale and leaseback agreements with Aviation Capital
Group (ACG). Through the new agreements, SAS has secured long-term financing for
ten new Airbus A320neo aircraft, scheduled to be delivered through the first
quarter of FY2024.

"We continue to make progress with our transformation plan and these new sale
and leaseback agreements are an important part of that - securing competitive
financing for our renewed fleet of modern and fuel-efficient aircraft. We are
pleased to renew our long-term strategic partnership with ACG, one of the
world's leading aircraft financing partners," said Anko van der Werff, President
and CEO, SAS.

"ACG is honored to welcome SAS as a renewed strategic partner. We are delighted
to support the SAS FORWARD transformation plan with this sale-leaseback
transaction for SAS' latest technology and fuel-efficient aircraft," said Tom G.
Baker, CEO and President, ACG.

For further information, please contact:
SAS Press office, +46 8 797 29 44
Investor Relations, +46 70 997 7070

SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and
Stockholm, is flying to destinations in Europe, USA and Asia. Spurred by a
Scandinavian heritage and sustainable values, SAS aims to be the global leader
in sustainable aviation. We will reduce total carbon emissions by 25 percent by
2025, by using more sustainable aviation fuel and our modern fleet with fuel
-efficient aircraft. In addition to flight operations, SAS offers ground
handling services, technical maintenance and air cargo services. SAS is a
founding member of the Star AllianceT, and together with its partner airlines
offers a wide network worldwide. Learn more at https://www.sasgroup.net

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584070_Press_release_SAS_ACG.pdf