November 10, 2011
SAS to sell 13 MD80 aircraft and 12 JT8D-219 engines
SAS has entered into a purchase agreement with Sunrise Asset Management, an affiliate of Allegiant Air, the Las Vegas-based low cost operator, to sell 13 MD82/83/87 aircraft and an additional 12 JT8D-219 engines from SAS. Delivery of the aircraft and engines will commence immediately and is scheduled to be completed by February 2013.
This transaction is a further step in SAS’ MD80 phase-out. The aircraft type is being replaced by B737NGs and A320s prior to the delivery of the A320neo’s ordered by SAS earlier this year. Once the deliveries to Allegiant Air are completed, SAS will have sold Allegiant 45 MD80s, which is believed to be one of the largest transfers of used aircraft between two airlines ever. SkyWorks Leasing, acted as SAS’ exclusive advisor and remarketing agent.