All SAS articles
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AnalysisSAS leans on domestic markets amid intensifying competition
Large domestic markets have helped ease several carriers through the Covid-19 crisis, as travel restrictions and a fear of moving across borders bolster internal demand within countries with large populations and territories.
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News
SAS chief Gustafson stepping down to take top post at industrial firm
Scandinavian carrier SAS’s chief executive, Rickard Gustafson, is to step down from the position and leave the company after a decade in charge. Gustafson will leave by the beginning of July, the airline states, taking up the chief executive role at Swedish industrial group SKF, succeeding Alrik Danielson. ...
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News
SAS not counting Norwegian out as rival plans $450m share issue
Scandinavian operator SAS believes that it will face a fiercely competitive situation in the region during crisis recovery, irrespective of the survival – or otherwise – of budget rival Norwegian. Norwegian disclosed plans on 3 December to pursue a new share issue intended to raise gross proceeds of up ...
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News
SAS shifts deliveries of A350s and A320neos to align with recovery
SAS has shifted deliveries of a pair of Airbus A350-900s due to arrive in the current fiscal year, shifting them to fiscal years 2022 and 2023 instead. It has also deferred introduction of eight Airbus A320neos, pushing back the delivery of two batches of four aircraft each by a ...
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News
SAS expects further losses for 2020-21
Scandinavian operator SAS expects losses to persist through the full-year 2020-21, but insists its recapitalisation will prepare the airline for the winter season and the continuing disruption from the air transport crisis. SAS chief executive Rickard Gustafson says the winter will be “tough” while the new fiscal year will ...
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News
Denmark and Sweden up SAS stakes to 22% in recapitalisation
The Danish and Swedish governments have each agreed to increase their stakes in SAS to 21.8% under the Scandinavian carrier’s SKr14.25 billion ($1.62 billion) recapitalisation plan, which has now been finalised. SAS obtained approval from both governments in August for its revised recapitalisation plan, which was originally ...
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News
Braathen to launch new Norwegian airline
A team led by experienced industry executive Erik Braathen is planning to launch an airline in Norway that reflects “the new economic reality”.
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News
Crew’s late escape from icing preceded serious ATR 72 upset
Norwegian investigators have disclosed that an ATR 72-600 suffered a serious loss of control, with excessive wing bank, as its crew belatedly attempted to escape from icing conditions during a domestic Bergen-Alesund service. The inquiry into the incident – involving a Jet Time flight for SAS on 14 November ...
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Analysis
Winter of disconnect ahead for Europe’s airlines
There are few crumbs of comfort for European airlines as they look back on a worse-than-expected summer season and forward to what could be a bleak winter.
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News
SAS impairs older fleet as it pushes back Airbus deliveries
SAS has pushed back deliveries of two Airbus A350-900s and eight A320neos, which will reduce the Scandinavian operator’s capital expenditure for 2021-24. But the company insists it is “still committed” to achieving an all-Airbus fleet by 2023, to reduce fuel consumption and maintenance costs. “We have made progress ...
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News
SAS obtains government backing after rejigging recapitalisation
Scandinavian operator SAS has obtained support from the Swedish and Danish governments, as well as its third major shareholder, for a revision to its recapitalisation plan. The plan was originally disclosed on 30 June and covered SKr14.25 billion of equity. SAS says the revision focuses on specific financial ...
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News
SAS details extensive make-or-break recapitalisation plan
Scandinavian operator SAS has detailed a recapitalisation programme intended to run alongside its revised business plan and the implementation of broad efficiency measures. It says the Swedish and Danish governments, along with its third-largest shareholder – the Wallenberg Foundation – are supporting the plan, through which SAS aims to ...
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News
Swedish and Danish governments back SAS recapitalisation
Sweden’s and Denmark’s governments are backing a capital increase for Scandinavian carrier SAS, which is seeking around SKr12.5 billion ($1.33 billion) in support funding. The Swedish government has submitted a proposal to the country’s parliament for support amounting to SKr5 billion, says SAS. It adds that the Danish ...
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News
SAS to operate most initial flights from Copenhagen
Scandinavian carrier SAS will resume services on 21 short-haul routes this month, operating the majority of them from Copenhagen.
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News
SAS pushes A320neo deliveries to 2024
SAS has agreed with Airbus to delay delivery of four A320neos and is in talks with the airframer on further deferrals as the Scandinavian carrier prepares for a slow recovery in traffic after the coronavirus crisis.
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News
SAS to defer Airbus deliveries as it overhauls business plan
Scandinavia’s SAS is to defer and review future Airbus deliveries and those from lessors, as part of its response to the coronavirus crisis, as it continues to pursue additional funding. The airline is drawing up a revised business plan which aims to bring SKr4 billion ($417 million) in improvements ...
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News
SAS finalises $335 million state-backed credit facility
Scandinavian carrier SAS has signed an agreement for a SKr3.3 billion ($335 million) three-year revolving credit facility which is 90% guaranteed by the Swedish and Danish governments.
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News
SAS initiates work on cutting up to 5,000 jobs
Scandinavian carrier SAS has begun work on cutting up to 5,000 full-time positions from its future workforce as it warns it is likely to take “some years” before air travel demand returns to pre-crisis levels. SAS will hold talks with unions over the proposed cuts, which will apply to ...
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News
SAS details staff cuts and warns it may need more state aid
Scandinavian carrier SAS has temporarily laid off 11,000 employees and will make 120 positions in Sweden permanently redundant, and is warning that the state support it is set to receive “will not suffice” if the coronavirus crisis persists.
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News
SAS in line to benefit as Sweden approves credit guarantees
Sweden’s national legislature has rapidly approved a proposal to issue credit guarantees of up to SKr5 billion ($488 million) to airlines, of which SKr1.5 billion will be allocated to SAS. Under the agreement the state will guarantee commercial loans to airlines affected by the coronavirus crisis. “The matter ...
