SAS Reaches Agreement with Additional Lessor to Amend the Terms of Existing Aircraft and Equipment Lease Agreements
SAS AB (“SAS” or the “Company”) announces that it has reached an agreement with one additional lessor, representing three aircraft, to amend the terms of existing aircraft and equipment lease agreements. Including SAS’ previously announced amended agreements with lessors on October 5 and on November 1, 2022, SAS has now reached agreements with in total 13 lessors, representing 46 aircraft, as part of the chapter 11 process. This constitutes another 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