SAS Scandinavian orders 50 A320neo
Stockholm - SAS has 17 Airbus A320neo in service from a previous order of 30 A320neo. The new order means that SAS will create a single-type fleet and have at least 80 Airbus A320neo in service by 2023.
The order of 50 Airbus A320neo is divided into two parts. The first 15 aircraft will be delivered from 2019 to 2021, and have been secured through leasing companies. The remaining 35 aircraft will be delivered directly from Airbus until 2023.
The order agreement also includes options for five additional planes of the same type. SAS also has the opportunity to expand the number of aircraft that can be leased from leasing companies. Together with the existing order, it creates flexibility for SAS to grow its fleet under the right conditions.
The investments in the customer offering and efficiency enhancements over the past few years have contributed to SAS’s improved profitability, which in turn has enabled this aircraft order,says the SAS in its press release.
Just over one year ago, we started to phase into service brand new Airbus A320neos, and since then we have received a very positive response from our customers. I’m therefore delighted that, through this order, we can continue improving and investing in our customer offering, and thereby SAS’s future,said Rickard Gustafson, President, and CEO of SAS.
The aircraft will be financed through a combination of so-called finance leases, sale/leaseback and generated cash flow. All aircraft will be equipped with high-speed Wifi and have SAS's new cabin interior.
The list price of the 35 Airbus A320neo is just under $4 billion before discounts agreed between SAS and Airbus. The additional 15 Airbus A320neo are leased from leasing companies. The order is made through the wholly owned SAS subsidiary Gorm Asset Management.
SAS has not yet decided which engine to use on these aircraft.