Aviation Capital Group (ACG) delivered one new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (SAS). Featuring CFM International LEAP-1A engines, this is the first of 10 aircraft scheduled to deliver to the airline as part of a multiple-aircraft sale-leaseback transaction.

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

“We continue to make progress with our transformation plan,” Anko van der Werff, president and CEO of SAS, said, “and these new sale-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.”