Scandinavian Airlines sells 13 planes to U.S. low-cost airline

[News_Editor]

Scandinavian Airlines sells 13 planes to U.S. low-cost airline

2011-11-11 22:36:03 GMT+7 (ICT)

SOLNA, SWEDEN (BNO NEWS) -- SAS Group, the parent company of Scandinavian Airlines, on Friday announced it will sell more than a dozen of its old aircraft to U.S. low-cost airline Allegiant Air.

SAS Group said it has entered an agreement with Sunrise Asset Management, an affiliate of Allegiant Air, to sell thirteen McDonnell Douglas MD-82, MD-83 and MD-87 aircraft. It has also agreed to sell an additional 12 spare engines.

The order value is more than 20 million U.S. dollars and delivery of the aircraft and engines will commence immediately, SAS Group said. It said the delivery is scheduled to be completed in February 2013.

"This transaction is a further step in SAS' phase-out program for the MD80 series aircraft which are being replaced by [boeing 737s] and [Airbus A320s] prior to the commencement of the A320 NEO's ordered earlier this year," SAS said in a statement.

SAS has already sold dozens of old aircraft to Allegiant Air, which has its headquarters near Las Vegas. SAS sold and delivered 18 MD-80 series aircraft to Allegiant Air last year, and the sale announced on Friday will bring the number of sold MD80 series aircraft by SAS to 45.

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