(Beijing – October 31, 2023) AerDragon Aviation Leasing Company Limited (“AerDragon”) is pleased to announce a purchase and leaseback transaction with Scandinavian Airlines System (“SAS”) in respect of two A320neo aircraft powered by LEAP engines. The aircraft are expected to be delivered in 2024.

“We are delighted to be part of the successful  transformation plan of SAS and  to support its sustainability strategy. SAS is the leading airline in the Scandinavian market and has been an innovator since its inception. We look forward to building a long-lasting partnership” said AerDragon’s Chief Executive Officer, Gang Li.

“We are pleased to partner with AerDragon, securing competitive financing for two A320neo to our renewed fleet of modern and fuel-efficient aircraft. It is an important part of our transformation plan, and our aim to be the driving force in sustainable aviation,” said SAS’ President & CEO Anko van der Werff.

About AerDragon

AerDragon was established in October 2006 and has a current customer base covering China and the rest of Asia, Europe and Americas. It offers a range of services including aircraft leasing, trading, and asset management.

About SAS

Founded in 1946, SAS is Scandinavia’s leading airline, with main hubs in Copenhagen, Oslo and Stockholm. SAS flies to destinations in Europe, USA and Asia. Spurred by a Scandinavian heritage and sustainability values, SAS aims to be the driving force in sustainable aviation and in the transition toward net zero emissions. We are continuously reducing our carbon emissions through using more sustainable aviation fuel, investing in new fuel-efficient aircraft and technology innovation together with partners – thereby contributing towards the industry target of net zero CO2 emissions by 2050. In addition to flight operations, SAS offers ground handling services, technical maintenance and air cargo services.

Media Contact:

Mr. Zhou Ningning

Tel +86 10 64107210

AerDragon@aerdragon.cn