SAS and Jet Time sign Letter of Intent

SAS and Jet Time have signed a Letter of Intent to enter into an agreement on the wet lease of four factory-newATR72-600s. The intention is to enter into an agreement for 36 months, so that the new aircraft can be used on routes from Copenhagen and Stockholm in the SAS winter timetable 2013-14 and summer timetable 2014.

“I am very pleased that SAS and Jet Time have agreed to sign a Letter of Intent. An agreement will give us greater flexibility in our fleet, and ensure that we can achieve an even more optimal organization of our regional production. I am therefore looking forward to being able to welcome customers on board the brand new and very comfortable aircraft under this plan,” says Flemming Jensen, VP Operations, SAS.

“We are extremely pleased with the confidence which SAS has shown in Jet Time, and we look forward to contributing to the development of SAS’s regional networks. We look forward to being able to carry out the interesting and challenging work that lies ahead. Of course we will do our utmost to ensure that the cooperation is successful for all parties, not least the many passengers,” says Klaus Ren, CEO of Jet Time.

The four new ATR72-600s can each accommodate 72 passengers, and will be used on routes to and from Copenhagen and Stockholm in SAS’s winter timetable 2013-14 and summer timetable 2014.

At the same time, SAS is continuing its wet lease arrangements with Cimber and Braathens Regional.

“We still enjoy close cooperation with Cimber and Braathens that works to everyone’s satisfaction. The Letter of Intent with Jet Time will not have any immediate impact on this cooperation,” says Flemming Jensen.

Facts about Jet Time

Jet Time A/S is a Danish airline which has its headquarters at Kastrup. The company only operates B-2-B, and its customers are travel agencies, private companies & organizations and other airlines, on behalf of which Jet Time carries out aircraft operations. Jet Time also began flying cargo in 2010. Jet Time has its own maintenance department, which is located at Copenhagen Airport South. Since its inception in 2006, Jet Time has experienced strong growth, and today has a fleet of 13 Boeing 737 aircraft and more than 400 employees.

Facts about SAS

SAS isScandinavia’s leading airline with daily flights to destinations inEurope, theUSAandAsia. SAS is a member of the Star Alliance™ and together with 26 partners it offers flights to over 1,300 destinations in more than 190 countries. For more information, visit www.sas.dk

For more information, please contact:

SAS Press Hotline: +46 8 7972944

Jet Time, Klaus Ren, CEO, +45 2681 6770

About Us

SAS is a member of Star Alliance™ and can together with its partners offer more than 18,400 daily flights to over 1,300 destinations around the world in over 191 countries.

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