SAS exits U.S. Chapter 11 bankruptcy with stronger balance sheet and new ownership

Swedish airline SAS has successfully exited U.S. Chapter 11 bankruptcy proceedings, marked by a strengthened balance sheet and new ownership. The restructuring process involved the company reorganising over US$2 billion in debt, adjusting its fleet and delisting its stock, which resulted in the elimination of the stakes held by more than 250,000 former shareholders. During […]

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SAS strike resolved: flights to return to normal operations

Other News

SAS and the Norwegian cabin unions have successfully concluded mediation, reaching an agreement after a four-day strike. The industrial action, which primarily impacted flights in Norway, caused limited disruptions. However, by tomorrow, August 28, SAS anticipates that its flight schedule will return to normal. Kjetil Håbjørg, Chief Airline Services at SAS, expressed his satisfaction with

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Air France-KLM and SAS sign codeshare and interline agreements

Airlines & Routes

Air France-KLM and SAS have announced the signing of codeshare and interline agreements applicable to Air France, KLM and SAS. These agreements, which also cover reciprocal loyalty programme benefits, will come into effect on September 1, 2024, coinciding with SAS’ official entry into the SkyTeam alliance, of which Air France-KLM is a founding member. The

Air France-KLM and SAS sign codeshare and interline agreements Read More »

SAS reports sharp increase in second-quarter loss amid ongoing restructuring

Financial

Scandinavian airline SAS has revealed a significant rise in its second-quarter loss on Thursday, May 30, more than doubling from the previous year, as the company continues its financial restructuring efforts. For the February-April quarter, SAS reported a pretax loss exceeding US$287 million, compared to a loss of approximately US$132 million in the same period

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SAS remains Apollo’s major charter operations partner in Scandinavia from the summer of 2025 through the summer of 2027 © AirTeamImages

SAS and Apollo sign new agreement worth 4.5 billion SEK

Financial

SAS and Apollo are enhancing their strategic partnership by signing a new three-year agreement valued at 4.5 billion SEK (US$420 million). This agreement designates SAS as Apollo’s primary charter operations partner in Scandinavia from the summer of 2025 through the summer of 2027. In the spring of 2021, SAS and Apollo entered into a record-sized

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SAS is joining the SkyTeam alliance © SAS

SAS to join SkyTeam alliance

Other News

SkyTeam and SAS have officially signed an Alliance Adherence Agreement (AAA), serving as an important step toward SAS’ official entry into the global airline alliance. SkyTeam and SAS are committed to ensuring a seamless transition for all customers. From September 1, 2024, SAS will officially become a part of SkyTeam, enriching the alliance with the

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SAS’ Chapter 11 Plan approved by court

Financial

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

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An SAS A320neo, initially a standard passenger plane, can be transformed into a fully equipped flying hospital with medical facilities and hospital beds once the new design is finalised ©AirTeamImages

Norwegian Armed Forces boosts air evacuation with SAS Airbus A320neo deal

Other News

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

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SAS welcomed 1.6 million passengers in December 2023

Traffic

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

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Carina Malmgren Heander to leave SAS

People

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 exits U.S. Chapter 11 bankruptcy with stronger balance sheet and new ownership

SAS strike resolved: flights to return to normal operations

Air France-KLM and SAS sign codeshare and interline agreements

SAS reports sharp increase in second-quarter loss amid ongoing restructuring

SAS and Apollo sign new agreement worth 4.5 billion SEK

SAS to join SkyTeam alliance

SAS’ Chapter 11 Plan approved by court

Norwegian Armed Forces boosts air evacuation with SAS Airbus A320neo deal

SAS welcomed 1.6 million passengers in December 2023

Carina Malmgren Heander to leave SAS

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