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SAS Initiates Long Haul Fleet Renewal Plan

SAS and Airbus have signed a Memorandum of Understanding for the order of 12 new aircraft. This marks the launch of SAS' long haul renewal plan including eight new A350-900 XWB, four new A330-300 Enhanced and a total upgrade of passenger cabins on the A330/340-fleet.

"I am very happy with today's announcement. Whilst continuing to deliver on our strategy and plan for a profitable SAS, we are succeeding in making fundamental changes that allows us to invest in our future as Scandinavia's leading airline for the benefit of our customers, employees and shareholders," said Rickard Gustafson, SAS Group President & CEO.

"The great technological improvements of this extensive fleet renewal plan give SAS a long haul fleet that will be top of class in the industry. It will truly increase our competitiveness and strengthen our customer offering - both with regard to comfort, service and efficiency. Furthermore, we are able to significantly bring down fuel consumption which will lower our costs and support our goals to reduce emissions," said Gustafson.

The fleet plan has the flexibility to include considerable growth and will be financed by export credit financing and sale & leaseback. The list price of the order is estimated at 3,3 BUSD.