Ten lessors have agreed to amend the lease phrases of 36 plane inside the fleet of Scandinavian provider SAS, as a part of the airline’s efforts to restructure.
Leasing preparations have been a specific focus of the ‘SAS Ahead’ restructuring plan drawn up by the provider, which is beneath US Chapter 11 chapter safety.
SAS says the amended leases – but to be permitted by the US chapter courtroom – are an “essential step in reconfiguring the fleet”.
It provides that they’ll put the corporate “effectively on observe” to realize a goal of SKr850 million to SKr1 billion ($78-92 million) in decreased lease and capital prices.
The plane concerned comprise three long-haul jets and 33 single-aisle plane, in addition to sure tools.
Chief govt Anko van der Werff says the agreements will allow SAS to turn out to be a “extra aggressive airline and a “stronger associate” to its lessors.
“We’re persevering with to pursue further lease amendments so we will obtain our targets,” he provides.
SAS has recognized the lessors concerned within the new settlement as AerCap, Aergo Capital, Aircastle, ALAFCO, Avolon, CDB Aviation, Dubai Aerospace Enterprise, ICBC Aviation Leasing, Orix Aviation and SDH Wings Worldwide Leasing.