Scandinavian Airlines (SAS) has secured a pre-delivery payment (PDP) financing facility covering a percentage of the pre-delivery payments that the carrier is making as part of its current aircraft order with Airbus. The PDP facility covers payments in relation to two Airbus A330-300 Enhanced and six Airbus A320neo aircraft and is structured as a revolving credit facility under which SAS may draw up to $74 million in total, with a maximum of $54 million outstanding at any time. These loans ...

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