- SAS, amidst its 'SAS Forward' restructuring under US Chapter 11, secures a lease for Embraer 195 regional jets.
- The lease comprises four E195s, with two already operational under regional operator SAS Link.
- Court documents veil lease specifics due to the highly competitive leasing environment and to safeguard both SAS and Azorra.
Azorra Aviation Provides Four E195s to Struggling SAS
KOPENHAGEN — Amid its rigorous restructuring process titled 'SAS Forward', Scandinavian airline SAS has secured a lease agreement with Florida's Azorra Aviation for Embraer 195 regional jets. This move forms a crucial part of the carrier's strategy while it navigates through the challenges posed by the US Chapter 11 bankruptcy protection.
Central to the 'SAS Forward' strategy is the revamp of its fleet. The recent court-approved documents have hinted at this strategy by indicating a lease for four E195s. The involved aircraft bear the serial numbers 401, 425, 437, and 452, with Azorra Aviation identified as the leasing party.
Already, two of these leased aircraft have taken to the skies under the banner of the regional operator SAS Link. While the finer details of the agreement remain shrouded in secrecy, references to the lease in court filings allude to the "sensitive economic terms" and intricate aspects like maintenance and insurance stipulations.
The tight-lipped nature of the details stems from a strategic move to maintain a competitive edge in the leasing market. SAS and Azorra seek to prevent potential disadvantages in future leasing endeavors by withholding specific agreement details, the documents suggest.
In an interesting twist, it's worth noting that these four E195s were initially part of the Spanish carrier Air Europa's fleet.
