SAS Secures Financing for Five Airbus A320neo

SAS has secured financing for five Airbus A320neo through the signing of a Sale and Leaseback agreement with Jackson Square Aviation LLC.

The aircraft will be delivered between 2016 and 2018.

The agreement means that SAS, at the time of delivery for respective aircraft, will sell the aircraft to Jackson Square Aviation LLC and then lease it back during a long term lease period.

Through this agreement, SAS has until now agreed on financing of seven Airbus A320neo of the order of 30 aircraft.

SAS has also signed letter of intents regarding the financing of a further 11 Airbus A320neo.

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