SCANDINAVIAN AIRLINES SYSTEM COMPLETES MD80 AND SPARE ENGINE FLEET SALE TO ALLEGIANT AIR

Greenwich, CT, August 15, 2013 – Scandinavian Airlines System, Denmark-Norway-Sweden, (“SAS”), the Scandinavian flag-carrier (www.sasgroup.net), has today finalized the delivery stream of 12 MD82/83/87 aircraft (49383, 49605, 49606, 49607, 49609, 49611, 49642, 53010, 53011, 53165, 53337 and 53340) as well as 12 spare JT8D-217C/219 engines to Allegiant Air, Inc., and its subsidiaries, (www.allegiantair.com). The sale was agreed to in April 2011 and the deliveries have matched SAS’ continued phase-out of its MD80 fleet as part of its fleet renewal program.

SAS’ remaining 13 MD80s and eight spare JT8D-217C/219 engines are under a firm contract for sale with the final deliveries in Q1 2015. Both transactions were arranged by SkyWorks Leasing, LLC.

SkyWorks Leasing LLC is a leading independent aircraft remarketing firm and provides turn-key third party portfolio asset management, remarketing and technical advisory services for owners and operators of commercial aircraft. SkyWorks professionals manage a diverse portfolio of 98 aircraft,including ERJ’s, CRJ’s, Airbus A319/320s and A300-600Fs, MD80s, Boeing 737NG, 757s, B767s and 747-400Fs.

For further information, please visit www.skyworksleasing.com or contact us directly.