SAS secures deals with two more lessors to cut aircraft costs
Crisis-hit airline SAS said Tuesday it had reached agreements with two more lessors representing seven aircraft in its fleet to amend the terms of existing lease contracts. The agreements come on top of deals with 10 lessors comprising 37 planes announced on Oct. 5. Long-struggling SAS, hit by the pandemic and pressured by low-cost rivals, sought bankruptcy protection in the United States in July. The leasing amendments put SAS "well on track" to cutting its annual aircraft lease and capital costs by at least 850m to 1.0b Swedish crowns ($77.3m-$91.0m) under its restructuring plan, the carrier said. Negotiations continue with certain other lessors, it said.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2022-11-02/star/sas-secures-deals-with-two-more-lessors-to-cut-aircraft-costs
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SAS secures deals with two more lessors to cut aircraft costs
Crisis-hit airline SAS said Tuesday it had reached agreements with two more lessors representing seven aircraft in its fleet to amend the terms of existing lease contracts. The agreements come on top of deals with 10 lessors comprising 37 planes announced on Oct. 5. Long-struggling SAS, hit by the pandemic and pressured by low-cost rivals, sought bankruptcy protection in the United States in July. The leasing amendments put SAS "well on track" to cutting its annual aircraft lease and capital costs by at least 850m to 1.0b Swedish crowns ($77.3m-$91.0m) under its restructuring plan, the carrier said. Negotiations continue with certain other lessors, it said.<br/>
