CDB Aviation and SAS agree on lease of four Airbus aircraft

SAS A350 ©CDB Aviation

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing (CDB Leasing), announced a new transaction with its long-standing customer, Scandinavian airline SAS, for a fleet of four Airbus aircraft, including three A320neos and one A350-900. The deliveries of these aircraft are expected to occur between June 2020 and May 2022.

Torbjørn Wist, SAS Chief Financial Officer, commented: “SAS has worked together with CDB Aviation on several sale-and-leaseback transactions, and we are pleased that we have managed to secure the financing for these four aircraft together with CDB Aviation’s Chief Executive Officer Patrick Hannigan and his team during this extraordinary market situation.”

Wist further elaborated that “continuing to add the A320neo and A350 aircraft types into the SAS fleet is an important step in SASˋ ambitious sustainability agenda.”

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