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Aviation Capital Group Delivers New Airbus A320neo to SAS

Aviation Capital Group LLC (ACG) announced the delivery of a brand new Airbus A320neo aircraft on long-term lease to Scandinavian Airlines (SAS). The aircraft addition to the SAS fleet is the latest model featuring high-performance CFM International LEAP-1A engines.

Aviation Capital Group delivers a new Airbus A320neo aircraft to SAS
Source: Aviation Capital Group

This delivery marks the fourth of ten aircraft scheduled to be delivered to the airline as part of a multiple-aircraft sale-leaseback transaction between ACG and SAS.

New SAS A320neo supports SAS capacity expansion

This new aircraft delivery to SAS will expand capacity as it manages its recovery. In June 2023,  SAS, served 2.4 million passengers. This was a 23% increase on last year’s figures for the same period. It was also the airline’s highest monthly passenger count since before the COVID-19 crisis.

SAS expanded its capacity by 17% and saw a corresponding 17% rise in Revenue Passenger Kilometers (RPK). With a flown load factor of 81%.

“We are pleased to see a continued positive trend for passenger demand. 2.4 million passengers traveled with SAS in June, up 23 percent compared to the same month last year and the highest passenger figure since before the pandemic. Air Traffic Control capacity issues in Copenhagen continued in June, with a heavy impact on SAS, as Copenhagen Airport is our main hub. For SAS, one out of four flights that experienced operational disruptions in June was due to these issues. We look forward to welcoming our passengers on board our aircraft as we enter July, the busiest month of the year”, says Anko van der Werff, President & CEO of SAS.

SAS passenger numbers: ASK, RPK tables

SAS total traffic (scheduled and charter)Jun23Change1Nov22-Jun23Change1
ASK (Mill.)4,00316.7%25,27620.1%
RPK (Mill.)3,22116.9%18,71634.6%
Load factor80.5%0.1 pp74.0%8.0 pp
No. of passengers (000)2,38622.6%14,47934.3%

Source: SAS

1 Change compared to same period last year, pp = percentage points

About Aviation Capital Group

Established in 1989, Aviation Capital Group (ACG) is one of the world’s leading full-service aircraft asset managers. ACG owns, manages, or has committed to over 480 aircraft as of June 30, 2023. The company has leased aircraft to nearly 90 airlines across roughly 45 countries. The company operates as a wholly-owned subsidiary of the Tokyo Century Corporation.

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