SAS Finances Eight Aircraft, Enters Sale Leaseback with SCB

SAS Group agreed to refinance two Boeing 737 and four Airbus A319 with a credit facility of $75 million including Standard Chartered Bank and Norddeutsche Landesbank. The facility will mature in January 2023. The aircraft will be refinanced in the period until January 2018 and were previously financed through lease agreements.

As part of the transaction, SAS entered into a sale and leaseback transaction with Standard Chartered Bank for the first two delivered Airbus A320neo with CFM Leap-1A engines during 2016 with a lease period of 10 years.

SAS Group is an airline holding company based in Sweden.

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