SAS Selects Willis Lease’s New Revolving Credit Lease Engine Financing Product for CFM LEAP and Trent XWB Engines
Scandinavian Airlines System (SAS) selected the RCL to finance CFM LEAP and Trent XWB engines, which power SASs A320neo and Airbus A350 aircraft, respectively.
- Scandinavian Airlines System (SAS) selected the RCL to finance CFM LEAP and Trent XWB engines, which power SASs A320neo and Airbus A350 aircraft, respectively.
- Willis Lease created the RCL to address a lack of financing options for new technology engines, despite the pricing of certain engine types approaching the pricing of a whole aircraft.
- We are always looking for new ways to lower our costs and increase flexibility and we believe financing these engines with Willis Leases new revolving credit lease helps us do both, said Niklas Hrdnge, VP Fleet Management for SAS.
- We are pleased to be the launch customer for this product and appreciate Willis Leases continued efforts to develop new products and services that matter.