All SAS articles
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NewsCourt grants approval for SAS’s equity-raise solicitation
Scandinavian carrier SAS has obtained court approval to commence solicitation procedures to raise equity as part of the airline’s ‘SAS Forward’ restructuring programme. The carrier, which is under US Chapter 11 protection, states that potential investors will have about 13 weeks to present final bids. “We will conduct a competitive ...
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News
EU court annuls Lufthansa and SAS state aid approvals after Ryanair complaints
The European General Court has annulled the European Commission’s approval of state aid provided to Lufthansa and SAS during the Covid-19 crisis.
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News
SAS reinforces leisure network with new Asian route
Star Alliance carrier SAS is to open a new Asian service, operating to the Thai capital Bangkok from the beginning of the winter season. SAS, which is currently under US Chapter 11 bankruptcy protection, has been undergoing a restructuring programme to strengthen its financial position. It says it is aiming ...
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News
SAS 737 pilots could not have foreseen severe turbulence upset: inquiry
Norwegian investigators are reiterating the importance of fastening seat-belts, even if not instructed, after an SAS Boeing 737-800 encountered unexpected severe turbulence which injured cabin crew – one seriously – and a passenger. The aircraft was descending towards Oslo Gardermoen at 21,000ft in clear air, following a service from Stavanger ...
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News
SAS defers access to remainder of $700m bridging loan
Scandinavian carrier SAS is deferring its access to the second half of its $700 million debtor-in-possession term loan, after a stronger-than-forecast financial performance over the winter which improved its liquidity position. SAS remains under US Chapter 11 protection, and the debtor-in-possession loan – agreed with Apollo Global Management – provided ...
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News
SAS initiates process seeking court approval to raise new equity
Scandinavian carrier SAS has embarked on a planned equity-raising process, the latest stage of its restructuring programme under US Chapter 11 bankruptcy protection. SAS has previously indicated that it wants to raise at least SKr9.5 billion ($911 million) through the process. But it points out: “The final amount of equity ...
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News
SAS starts offering European fares with biofuel inclusion
Scandinavian carrier SAS has started selling tickets which automatically include the cost of biofuel purchase for its flights. The airline, which has been offering biofuel as a travel extra, says it is aiming to make biofuel selection “even easier” for passengers. It will enable passengers buying its ‘Go Smart’ or ...
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Analysis
Airline Business performance tracker: Europe Q4 2022
Key data from the most-recent European earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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News
SAS recruits BA executive as chief operating officer
Former British Airways chief operating officer Jason Mahoney is to take up an equivalent role at Scandinavian carrier SAS. Mahoney will take up the post at SAS on 1 May, succeeding Simon Pauck Hansen who stepped down in January. While he served as chief operating officer at BA, Mahoney’s most ...
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News
Optimistic SAS lifts long-term financial forecast over strong demand
Scandinavian carrier SAS is reviewing long-term financial projections for 2024-26, with preliminary indications that stronger-than-expected demand will generate higher revenues and earnings towards the end of this period. SAS had previously estimated revenues of SKr49 billion ($4.7 billion) for 2026 but believes this figure will be greater, while it is ...
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News
Pitch-up after tailwind shift led to SAS A320neo tail-strike at Split
Croatian investigators believe a late shift in tailwind preceded an SAS Airbus A320neo’s loss of lift just before touchdown in Split, leading to a tail-strike. The aircraft, arriving from Bergen, had been stabilised during an ILS approach to runway 05. But winds were varying from 170-245°, and a 10kt change ...
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News
SAS reassures passengers after cyberattack
Scandinavian carrier SAS is reassuring passengers that there is no risk to their personal data following a cyberattack on the company’s IT systems. The attack occurred on 14 February, the Star Alliance airline states, adding that it was one of several companies to be subjected. Its website and certain other ...
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News
Sweden charges up electric aviation push with funding pledge and PSO analysis
Sweden has pledged to invest at least SKr15 million ($1.4 million) each year into research and innovation activities to support the rapid adoption of electric aircraft in the country.
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News
SAS looks to obtain remaining debtor-in-possession funding in second quarter
Scandinavia’s SAS is yet to firm timing for accessing a second $350 million tranche of debtor-in-possession financing, which is likely to slip into the second quarter of its fiscal year. But it stresses that it has sufficient liquidity to maintain operations in the meantime. SAS reached an agreement last year ...
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News
SAS outlines fleet size after concluding lessor renegotiations
Scandinavian operator SAS has concluded its negotiations with lessors under its US Chapter 11 restructuring, having reached agreements with two more. SAS says its overall leasing renegotiation has resulted in new agreements with 15 lessors – the latest being Air Lease and Jackson Square Aviation – and covers a total ...
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News
SAS court filings reveal A320neo sale-and-leaseback
Court papers from SAS’s restructuring process show that the carrier is intending to enter a sale-and-leaseback covering 10 Airbus A320neo twinjets. The agreement involves US lessor Aviation Capital Group and one of SAS’s affiliate entities, Gorm Asset Management. SAS is re-organising its business, including its fleet, under US Chapter 11 ...
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News
SAS seeks court approval to cut more jets from restructured fleet
Scandinavian carrier SAS is continuing with its fleet restructuring by seeking to cut another pair of leased aircraft. The airline, which is under US Chapter 11 protection, is looking for court permission to shed an Airbus A330-300 and an A321neo. It has identified the A330 in court papers as MSN1660, ...
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In depth
How far through recovery are European airlines?
A carrier-by-carrier guide to the progress European airlines continued to make in their recovery from the Covid-19 crisis during the past year and a look at how much further they have to go in 2023.
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News
Star Alliance names interim chief as Goh steps down
Star Alliance has named SAS executive Charlotta Wieland as its interim chief, after the decision by Jeffrey Goh to step down. Wieland is the vice-president for alliances and industry at the Scandinavian carrier. She has served on the Star Alliance management board for six years and is also a member ...
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News
SAS to launch summer New York flights from Aalborg and Gothenburg
Scandinavian carrier SAS is to begin the first direct services from Gothenburg in west Sweden and Aalborg in Denmark with the USA after announcing summer flights from both cities to Newark airport next year.
