Bidding process ends on South African Airways' A320s

London
Source: Flightglobal.com
This story is sourced from Flightglobal.com

South African Airways (SAA) is no longer accepting bids on 20 Airbus A320 aircraft after issuing a request for proposals for sale and leaseback financing last month, market sources indicate.

The carrier is seeking financing on new A320s scheduled for delivery between 2013 and 2015.

SAA ordered five A320s equipped with International Aero Engines V2500s in 2010. The aircraft were part of an augmented agreement for 20 A320s tentatively agreed in 2010, after SAA renegotiated an order with Airbus for 15 of the type in 2002.

It is rumoured that the 20-aircraft package could be mandated to one leasing entity.

The A320 fleet will replace the carrier's 19 Boeing 737-800 aircraft fleet, which delivered between 2000 and 2003. Low-cost subsidiary Mango operates five 737-800s, SAA has the remaining 14 aircraft.