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 »
Scandinavian Airlines (SAS) is now looking to ramp-up winter capacity this year, having posted its first quarterly pretax profit since late 2019. This has been achieved through a combination of lower fuel costs, higher ticket prices and strong demand. SAS has been under bankruptcy protection since July 2022, but has achieved a pretax profit of
SAS to boost capacity – reveals first quarterly profit since 2019 Read More »
During the month of April, SAS Scandinavian Airlines (SAS) carried 1.9 million passengers, which is a 22% increase compared to the same period last year. This positive trend is shown in SAS’ passenger demand and the RPK increased by 28% compared to last year. The flown load factor was 76%, which is a five-percentage point
1.9 million passengers travelled with SAS Scandinavian Airlines in April Read More »
Willis Lease Finance has entered into a ConstantAccess™ agreement with Scandinavian Airlines System, whereby Willis Lease will guarantee availability of CFM56-5C engines to cover requirements due to both planned and unplanned removals of engines powering the airline’s fleet of eight A340 aircraft. “Over the next 36 months, as we transition into our new fleet of
Willis Lease Finance Corporation (WLFC), a leading lessor of commercial jet engines, has entered into a transaction to purchase and leaseback a total of 19 jet engines with SAS Group subsidiary Scandinavian Airlines (SAS). Willis Lease will purchase 11 of the engines and Dublin-based Willis Mitsui & Co Engine Support Limited will purchase the remaining
Willis Lease inks 19 engine sale and leaseback deal with Scandinavian Airlines Read More »
