Crisis-hit airline SAS said on Tuesday 1 November it had reached agreements with two more lessors representing seven aircraft in its fleet to amend the terms of existing lease contracts.
Details
The agreements come on top of deals with 10 lessors comprising 37 planes announced on 5 October.
Long-struggling SAS, hit by the pandemic and pressured by low-cost rivals, sought bankruptcy protection in the United States in July.
The leasing amendments put SAS "well on track" to cutting its annual aircraft lease and capital costs by at least 850 million to 1.0 billion Swedish crowns ($77.3 million-$91.0 million) under its restructuring plan, the carrier said.
Negotiations continue with certain other lessors, it said.
Shares
Shares in the company were up 6% at 1336 GMT on Tuesday 1 November.
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