SAS Secures Finance For Airbus Order

Swedish carrier SAS has agreed a finance deal with DVB Bank to cover some of the pre-delivery payments it is making for two A330-300 and six A320neo aircraft it has on order.

Swedish carrier SAS has agreed a finance deal with DVB Bank to cover some of the pre-delivery payments it is making for two A330-300 and six A320neo aircraft it has on order.

The revolving credit facility will provide SAS with access to $74m of finance in total, with a maximum of $54m outstanding at any one time.

The loans are to be repaid when SAS receives each aircraft, which are due to be delivered from late 2015 to early 2017.

Last week SAS confirmed that it would complete its buyout of Danish carrier Cimber by April next year.

TAGS: Europe
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