SAS contracts to sell 13 MD80 aircraft and 12 spare engines

Scandinavian Airlines System, has entered into a sales agreement with Sunrise Asset Management, LLC, to sell 13 MD82/83/87 aircraft and an additional 12 spare engines. Sunrise Asset Management is an affiliate of Allegiant Air, LLC (“Allegiant”), an airline based in Las Vegas. The order value is slightly above 20 MUSD (140 MSEK) which will have no effect on the result. Delivery of the aircraft and engines will commence immediately and is scheduled to be completed in February 2013.

This transaction is a further step in SAS’ phase-out program for the MD80 series aircraft which are being replaced by B737NGs and A320s prior to the commencement of the A320 NEO’s ordered earlier this year. SAS has earlier sold aircrafts to Allegiant and once the deliveries to Allegiant Air are completed, SAS will have sold 45 MD80 series aircraft.