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SAS Capital/Financing Update 2016

Nov 29, 2016

2961_iss_2016-11-29_7ddf2d04-0486-442a-a379-a9874f244bd3.html

Capital/Financing Update

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SAS finances five Airbus A320neo aircraft through Sale and leaseback

SAS has today secured financing of five Airbus A320neo through the signing of a

Sale and leaseback agreement with Jackson Square Aviation LLC. The aircraft will

be delivered between 2016 and 2018. The agreement means that SAS, at the time of

delivery for respective aircraft, will sell the aircraft to Jackson Square

Aviation LLC and then lease it back during a long term lease period.

Through this agreement, SAS has until now agreed on financing of seven Airbus

A320neo of the order of 30 aircraft. SAS has also agreed letter of intents

regarding the financing of further 11 Airbus A320neo.

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SAS — Capital/Financing Update 2016

2961_iss_2016-11-29_7ddf2d04-0486-442a-a379-a9874f244bd3.html

SAS finances five Airbus A320neo aircraft through Sale and leaseback

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SAS Capital/Financing Update 2016