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SAS Signs 5-year Lease with US Airline for Eight MD-90-30s

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SAS has entered into 5-year lease agreement with an undisclosed US airline that covers its eight MD-90-30 aircraft. SAS is in the process of phasing out all of its MD-90 aircraft.

The eight aircraft will be delivered in a phase out schedule starting Q3-2010 and ending Q2-2011.

The MD-90 has, in terms of number of aircraft, been a niche aircraft in the SAS Group fleet and this transaction fits very well in to SAS initiative to simplify and standardize its fleet and thereby reduce the number of aircraft types used in its total fleet. The average age of the MD-90's is 13.5 years.

The SAS Group fleet consists of 239 aircraft of which 145 are in operation by the largest airline Scandinavian Airlines. Almost 75% of Scandinavian Airlines aircraft are so called new generation aircrafts, with an average age below 8 years when excluding short term wet-leases and current phase-outs.

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