Aviation Capital Group (ACG) successfully concluded its agreement with Scandinavian Airlines (SAS) with the recent delivery of a brand new Airbus A320neo aircraft. This final handover marks the completion of a 12-aircraft sale and leaseback deal initiated in the first quarter of 2023.
By Aditya M
The agreement involved ACG acquiring the A320neo jets and then leasing them back to SAS for operation within their fleet. This type of transaction allows airlines like SAS to access new, fuel-efficient aircraft while improving their cash flow through asset sales.
The initial deliveries began in March 2023, with ten A320neos finding their way to SAS. The remaining two deliveries took place in April 2024, finalizing the contract.
This successful collaboration highlights ACG's role in supporting airlines' fleet modernization efforts. By providing access to modern aircraft through leasing solutions, ACG empowers airlines to operate efficiently and meet passenger demands.
Key Takeaways:
- ACG delivered all 12 A320neo aircraft to SAS, completing the fleet renewal mandate.
- This agreement provides SAS with a modern and potentially more fuel-efficient fleet.
- ACG solidifies its role as a trusted partner for airline fleet modernization.
Looking ahead:
- This agreement showcases the growing trend of sale and leaseback transactions in the aviation industry.
- Airlines are increasingly seeking flexible solutions to optimize their fleets and financial resources.
- ACG's success with SAS positions them as a key player in this evolving market.
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