SAS has received approval of its Plan of Reorganisation, known as the “Chapter 11 Plan,” by the U.S. Bankruptcy Court for the Southern District of New York. The effectiveness of this plan is contingent upon various conditions, including regulatory approvals and a reorganisation at the SAS AB level in Sweden. SAS anticipates emerging from Chapter […]
SAS’ Chapter 11 Plan approved by court Read More »
The Norwegian Armed Forces have recently inked a deal with SAS to bolster their strategic air evacuation capabilities. The agreement secures a continuous capacity for strategic air evacuation, utilising SAS’ cutting-edge Airbus A320neo aircraft. The transition from the current aircraft to the new agreement is slated for 2025. Comprising two key components, the agreement encompasses
Norwegian Armed Forces boosts air evacuation with SAS Airbus A320neo deal Read More »
SAS Scandinavian Airlines (SAS) has reported that 1.6 million passengers travelled with SAS in December, a six-percent increase compared with the same month last year. SAS’ capacity increased by almost 12% and RPK increased by 14%, compared to December 2022. The flown load factor for December was 73%. “1.6 million passengers travelled with SAS in
SAS welcomed 1.6 million passengers in December 2023 Read More »
Executive Vice President and Chief of Staff, Carina Malmgren Heander has decided to retire from her position at SAS. She will officially step down from her role on February 1, 2024. However, she will continue to serve as a senior advisor to CEO Anko van der Werff until summer 2024, ensuring a smooth transition. In
Carina Malmgren Heander to leave SAS Read More »
SAS Scandinavian Airlines (SAS) has achieved a significant milestone in its SAS FORWARD plan as the U.S. Bankruptcy Court for the Southern District of New York grants approval for the airline’s entry into an investment agreement with the winning bidder consortium. Comprising Castlelake, Air France-KLM, Lind Invest ApS and the Danish state, the investors are
Tour operator Apollo and SAS Scandinavian Airlines have announced that they will extend their partnership for the 2024 summer season. The option to extend is part of a framework agreement signed in 2021 and the extension is worth around SEK1.4 billion (£105 million). SAS will fly Apollo customers from around 15 locations in Sweden, Norway
Tour operator Apollo and SAS extend partnership for 2024 summer season Read More »
SAS has successfully secured a substantial investment agreement, totalling 13.2 billion Swedish crowns (US$1.21 billion), through a consortium that includes Air France-KLM, Lind Invest ApS, and the Danish state. This agreement marks a significant milestone in SAS’s restructuring efforts, with Castlelake providing a loan to replace the previous debtor-in-possession financing from Apollo Global Management. Notably,
Scandinavian Airline SAS secures US$1.21 billion investment from consortium Read More »
Etihad Airways and Scandinavian Airlines (SAS) have signed a strategic codeshare agreement, so customers of both airlines will enjoy enhanced connectivity to destinations across each other’s networks. Arik De, Etihad’s Chief Revenue Officer said: “Our strategic bilateral agreement with SAS, coming after the start of our flights to Copenhagen, allows more seamless travel for our
Etihad signs codeshare deal with SAS Read More »
SAS has achieved a significant milestone in its ongoing Chapter 11 process within the United States. In this pivotal step, SAS has chosen a consortium led by Castlelake, representing certain funds or affiliates, Air France-KLM, Lind Invest and the Danish state (collectively referred to as the investors) as the winning bidder in its exit financing
Scandinavian Airlines (SAS) has appointed Ginger Hughes as Chief Transformation Officer. Hughes brings a long of experience from her advisory role at Seabury, where she has guided SAS through the Chapter 11 process for over a year. “With a remarkable three-decade-long career advising airlines worldwide, Hughes has been instrumental in shaping strategic transformations, restructuring endeavours,
Scandinavian Airlines appoints new CTO and CCO Read More »
