SAS sells18 MD-80 surplus aircraft to Allegiant Travel Company

The SAS Group will in relation to the Core SAS program reduce its capacity by a total of 21 aircraft. By end of December 2009, 18 aircraft has already been taken out of production. As a result of this and earlier capacity reductions SAS holds MD-80 series surplus aircraft.

SAS has entered into a contract to divest 18 MD-80 Aircraft to Allegiant Travel Company, parent company of Allegiant Air, a US based airline. The aircraft are from 1985 to 1991 and will be delivered during the first half of 2010.

Allegiant has previously bought 13 SAS MD80’s and claim that these are some of the best MD-80’s available. This shows that SAS aircraft and maintenance program has a strong quality reputation in the market.

After the transaction the SAS Group will have 24 MD-80’s in operation out of a total of 191 Aircraft. The remaining MD-80 Aircraft are intended to be kept in SAS operation as inexpensive reliable Aircraft, as well as Aircraft to manage the seasonality effect in the Nordic region.

The transaction will reduce the SAS Groups financial net debt by approximately 200 MSEK. There is no capital gain since sales value equals book value. SAS Group Corporate Communications.

Source: SAS

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