SAS — Capital/Financing Update 2023

Mar 2, 2023

SAS enters into sale-leaseback agreements with Aviation Capital Group for ten new Airbus A320neo aircraft

SAS enters into sale-leaseback agreements with Aviation Capital Group for ten new Airbus A320neo aircraft

SAS has entered into new sale and leaseback agreements with Aviation Capital

Group (ACG). Through the new agreements, SAS has secured long-term financing for

ten new Airbus A320neo aircraft, scheduled to be delivered through the first

quarter of FY2024.

"We continue to make progress with our transformation plan and these new sale

and leaseback agreements are an important part of that - securing competitive

financing for our renewed fleet of modern and fuel-efficient aircraft. We are

pleased to renew our long-term strategic partnership with ACG, one of the

world's leading aircraft financing partners," said Anko van der Werff, President

and CEO, SAS.

"ACG is honored to welcome SAS as a renewed strategic partner. We are delighted

to support the SAS FORWARD transformation plan with this sale-leaseback

transaction for SAS' latest technology and fuel-efficient aircraft," said Tom G.

Baker, CEO and President, ACG.

For further information, please contact:

SAS Press office, +46 8 797 29 44

Investor Relations, +46 70 997 7070

SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and

Stockholm, is flying to destinations in Europe, USA and Asia. Spurred by a

Scandinavian heritage and sustainable values, SAS aims to be the global leader

in sustainable aviation. We will reduce total carbon emissions by 25 percent by

2025, by using more sustainable aviation fuel and our modern fleet with fuel

-efficient aircraft. In addition to flight operations, SAS offers ground

handling services, technical maintenance and air cargo services. SAS is a

founding member of the Star AllianceT, and together with its partner airlines

offers a wide network worldwide. Learn more at https://www.sasgroup.net

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