SAS Reaches Agreements with Additional Lessors to Amend the Terms of Existing Aircraft and Equipment Lease Agreements
SAS AB (“SAS” or the “Company”) announces that it has reached agreements with 2 additional lessors, representing in aggregate 7 aircraft, to amend the terms of existing aircraft and equipment lease agreements. Including SAS’ previously announced amended agreements with lessors on October 5, 2022, SAS has now reached agreements with in total 12 lessors, representing 43 aircraft, as part of the chapter 11 process. This constitutes an important step in reconfiguring the fleet and achieving the SEK 7.5 billion in annual cost savings under the SAS FORWARD plan. The new amended lease agreements are