All SAS articles
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News
SAS enters SkyTeam codeshare pact with Air France-KLM
SAS has signed a codeshare agreement with SkyTeam operator Air France-KLM, ahead of its switch to the alliance in September. Under the agreement Air France and KLM customers will have access to 33 destinations in northern Europe reachable beyond the Scandinavian hubs at Copenhagen, Stockholm and Oslo. SAS will, in ...
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News
SAS restructuring aid cleared by European Commission
Scandinavian operator SAS has secured European Commission approval for a restructuring aid package worth up to €1.3 billion ($1.4 billion) intended to support the company’s efforts to achieve long-term sustainability. SAS has been undergoing a restructuring programme – known as ‘SAS Forward’ – while under US Chapter 11 bankruptcy protection. ...
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News
Swedish court fixes date for vote on SAS parent’s re-organisation plan
Parties affected by the proposed re-organisation of Scandinavian operator SAS’s parent company will have the chance to vote on the scheme on 12 July.
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News
SAS expects mid-July vote on plan to re-organise parent company
Plans for the re-organisation of SAS AB, the parent company of Scandinavian carrier SAS, have been distributed to the affected parties. SAS AB applied for Swedish re-organisation in late March, and a court approved the measure. The company intends to ask the court to open plan proceedings. It expects a ...
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Virgin entering codeshares with future SkyTeam member SAS plus El Al and Saudia
SkyTeam carrier Virgin Atlantic has identified the alliance’s newly-recruited Scandinavian operator SAS as a new codeshare partner, and has unveiled codeshares with Middle Eastern airlines El Al and Saudia.
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News
SAS still feeling impact of Russian airspace closure
Chief executive of Scandinavian carrier SAS, Anko van der Werff, sees no light at the end of the tunnel at present when it comes to the impact on its Asian flights from the ongoing closure of Russian airspace following the invasion of Ukraine more than two years ago.
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News
SAS chief sees ‘no issues’ with approval of Air France-KLM minority stake
Chief executive of Scandinavian operator SAS, Anko van der Werff, does not expect any issues with securing European Commission approval for Air France-KLM’s planned minority investment in the carrier.
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Currency effects mask SAS’s improved half-year performance
Scandinavian carrier SAS’s first-half pre-tax losses have deepened by 7% to SKr4.1 billion ($384 million), which the company attributes to currency effects.
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News
SAS signs formal alliance agreement ahead of SkyTeam entry in September
Scandinavian flag-carrier SAS has signed the formal alliance adherence agreement which will lead to its accession to SkyTeam on 1 September.
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SAS switching from Star Alliance to SkyTeam at end of August
Scandinavian carrier SAS is to leave Star Alliance for SkyTeam at the end of August, following the recapitalisation by a consortium which includes SkyTeam partner Air France-KLM.
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SAS’s parent company formally seeks Swedish re-organisation
Scandinavian carrier SAS’s parent company, SAS AB, has formally filed for re-organisation in Sweden, a measure previously indicated during SAS’s proceedings under US Chapter 11 protection. Successful completion of this re-organisation is a condition for the airline’s Chapter 11 plan, which recently secured US bankruptcy court approval. The company requires ...
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News
SAS expects network disruption as batch of A320neos undergoes component checks
Scandinavian carrier SAS is temporarily withdrawing several Airbus A320neo jets from service while it carries out checks on a specific component on the type. The airline says it needs to inspect pressure regulator transmitters on 18 A320neos. SAS states that this “requires pausing operations with these aircraft”, and admits that ...
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News
SAS secures US court approval for plan to emerge from Chapter 11
Scandinavian operator SAS has obtained US court approval for its re-organisation plan, keeping it on track for potentially emerging from Chapter 11 bankruptcy protection at the end of the first half of this year. More than 99% of the company’s creditors that voted on the plan supported it. SAS filed ...
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SAS chief: SkyTeam will ‘unlock’ network benefits previously unavailable in Star Alliance
Accession to the SkyTeam alliance will provide Scandinavian operator SAS with greater network reach in various ways, chief executive Anko van der Werff believes. Speaking during a first-quarter briefing, he said SAS had enjoyed a good relationship with Star Alliance, of which it was a founder member. “We equally have ...
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SAS maintains full-year expectations after busy first quarter
SAS is maintaining its financial forecast for the full year 2023-24, as well as the timetable for its emergence from US Chapter 11 bankruptcy protection. It has turned in a pre-tax loss of just under SKr1.1 billion ($107 million) for its fiscal first quarter – the three months to 31 ...
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News
SAS chief looks to SkyTeam gains to outweigh ‘emotionally difficult’ Star Alliance exit
The chief executive of Scandinavian carrier SAS, Anko van der Werff, acknowledges that leaving Star Alliance – which it co-founded – is an emotionally difficult decision, but believes the potential for tighter co-operation with partners within SkyTeam provides greater opportunities.
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SAS looks to re-introduce A350 previously shed during fleet restructuring
Scandinavian operator SAS is seeking to re-introduce an Airbus A350-900, the lease of which it had previously rejected as part of its fleet restructuring plan.
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News
Unsecured SAS creditors accepted revised Chapter 11 plan after ‘hard-fought’ discussions
Unsecured creditors of SAS had been dissatisfied with a previous version of the carrier’s US Chapter 11 re-organisation plan, and agreed to the latest revision after “hard-fought” discussions, court filings show.
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SAS puts eventual potential return for unsecured creditors at 20-25%
Scandinavian operator SAS is expecting around $325 million to be allocated to general unsecured creditors – including holders of commercial hybrid bonds in parent company SAS AB – through its US Chapter 11 restructuring process.
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Airline Business
Regulators in no mood to wave through airline M&A activity
While it quickly became apparent that January 2024 would be remembered as an inauspicious start to the year for airline safety, from the mid-point of the month onwards it was clear that the same would be said regarding consolidation.