All SAS articles

  • SAS-A320neo-ny-kabin-2-1
    Analysis

    SAS leans on domestic markets amid intensifying competition

    2021-01-20T15:53:00Z

    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.

  • Rickard Gustafson-c-SAS
    News

    SAS chief Gustafson stepping down to take top post at industrial firm

    2021-01-12T08:55:00Z

    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. ...

  • Rickard Gustafson-c-SAS
    News

    SAS not counting Norwegian out as rival plans $450m share issue

    2020-12-03T12:03:00Z

    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 ...

  • SAS
    News

    SAS shifts deliveries of A350s and A320neos to align with recovery

    2020-12-03T10:52:00Z

    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 ...

  • SAS
    News

    SAS expects further losses for 2020-21

    2020-12-03T07:56:00Z

    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 ...

  • SAS Scandinavian Airlines Airbus A320neo 2020
    News

    ​Denmark and Sweden up SAS stakes to 22% in recapitalisation

    2020-10-23T17:36:00Z

    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 ...

  • Erik-Braathen
    News

    Braathen to launch new Norwegian airline

    2020-10-06T16:14:00Z

    A team led by experienced industry executive Erik Braathen is planning to launch an airline in Norway that reflects “the new economic reality”.

  • ATR incident title
    News

    Crew’s late escape from icing preceded serious ATR 72 upset

    2020-09-11T12:40:00Z

    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 ...

  • EasyJet-Ryanair-c-Shutterstock
    Analysis

    Winter of disconnect ahead for Europe’s airlines

    2020-09-09T15:07:00Z

    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.

  • SAS A350
    News

    SAS impairs older fleet as it pushes back Airbus deliveries

    2020-08-25T07:31:00Z

    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 ...

  • SAS A350
    News

    SAS obtains government backing after rejigging recapitalisation

    2020-08-14T12:10:00Z

    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 ...

  • SAS
    News

    SAS details extensive make-or-break recapitalisation plan

    2020-06-30T08:23:00Z

    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 ...

  • SAS A350
    News

    Swedish and Danish governments back SAS recapitalisation

    2020-06-15T08:14:00Z

    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 ...

  • Aircraft-SAS-Boeing-737
    News

    ​SAS to operate most initial flights from Copenhagen

    2020-06-05T10:01:00Z

    Scandinavian carrier SAS will resume services on 21 short-haul routes this month, operating the majority of them from Copenhagen.

  • SAS-A320neo-ny-kabin-2-1
    News

    SAS pushes A320neo deliveries to 2024

    2020-05-28T16:00:00Z

    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.

  • SAS
    News

    SAS to defer Airbus deliveries as it overhauls business plan

    2020-05-28T07:05:00Z

    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 ...

  • SAS-A320neo-ny-kabin-2-1
    News

    ​SAS finalises $335 million state-backed credit facility

    2020-05-05T15:01:00Z

    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.

  • SAS-A320neo-ny-kabin-2-1
    News

    SAS initiates work on cutting up to 5,000 jobs

    2020-04-28T08:30:00Z

    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 ...

  • SAS-A320neo-ny-kabin-2-1
    News

    SAS details staff cuts and warns it may need more state aid

    2020-04-07T12:27:00Z

    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.

  • SAS
    News

    SAS in line to benefit as Sweden approves credit guarantees

    2020-03-20T08:27:00Z

    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 ...