Allegiant Air Md-83 (49623/1499) N405NV ex-Nordic Leisure SE-RFA arrives in Las Vegas (LAS/KLAS) sporting "Blue Man Group" titles. (Photo by Michael Carter)Scandinavian airline SAS said Monday it had contracted to sell 18 MD-80 aircraft to US-based firm Allegiant Travel Company for an undisclosed amount.
The airline said in a statement the sale of the surplus aircraft would reduce its net debt by about SEK200 million Swedish kronor (USD$27.95 million).
SAS plans to divest a total of 21 aircraft as part of its ongoing cost-cutting efforts, including the 18 already sold to Allegiant, the parent company of Allegiant Air, it said.
The Scandinavian airline said it made no capital gain or loss on the deal.
The airline said in a statement the sale of the surplus aircraft would reduce its net debt by about SEK200 million Swedish kronor (USD$27.95 million).
SAS plans to divest a total of 21 aircraft as part of its ongoing cost-cutting efforts, including the 18 already sold to Allegiant, the parent company of Allegiant Air, it said.
The Scandinavian airline said it made no capital gain or loss on the deal.
(Reuters)
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