SAS Group refinances three Airbus A330-300 aircraft with a new USD 125 million secured credit facility

Following on from recent announcements concerning steps taken to improve the SAS
Group’s financial position, a new USD 125m secured loan facility covering three
A330-300 aircraft has been entered into with an East Asia-based Global Insurance
Company as sole facility provider-The tranches covering two aircraft have been
drawn down as the initial ECA-backed loans matured, with the third and final
tranche due in February 2013. The net cash effect from the transactions is
estimated at MUSD 45.

The transaction was arranged by SkyWorks Leasing, LLC