SAS | Sale leaseback | 07-18 | $196m (est.) | 6xA320neo | Transaction | Airfinance Journal

SAS | Sale leaseback | 07-18 | $196m (est.) | 6xA320neo

Scandinavian Airlines (SAS) secured financing for another six Airbus A320neo future deliveries through the signing of a sale and leaseback transaction with CDB Aviation Lease Finance. The aircraft will deliver in 2017 and 2018. In March 2017 was delivered the first of six a/c under the CDB ageement, MSN: 7489

Through this agreement, SAS has until now agreed on financing of 18 A320neo of of its 30-aircraft order.

SAS mandated the first two A320neo from its order book with Airbus to Standard Chartered Bank under a sale and leaseback. Powered by CFM Leap-1A engines, the aircraft are on 10-year leases (ID 6520).

SAS also mandated another five units to Jackson Square Aviation (ID 6818). Last month SMBC Aviation Capital was mandated for five units (ID 6923).


Deal Categories

Regions:
Europe
Sweden
Tagged as:
Secured

Structure

Product category:
Other
Product type:
Aircraft purchase
Structure
Aircraft Purchase
Use of proceeds
Aircraft Purchase

Deal Categories

Regions:
North America
United States
Tagged as:
Secured
G8