All SAS articles – Page 2
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NewsSAS 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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NewsVirgin 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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NewsSAS 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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NewsSAS 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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NewsCurrency 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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NewsSAS 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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NewsSAS 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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NewsSAS’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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NewsSAS 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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NewsSAS 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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NewsSAS 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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NewsSAS 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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NewsSAS 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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NewsSAS 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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NewsUnsecured 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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NewsSAS 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 BusinessRegulators 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.
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NewsSAS revises revenue and profit projections as it nears Chapter 11 exit
Scandinavian carrier SAS’s latest version of its restructuring plan projects that it will achieve revenues of SKr48.1 billion ($4.6 billion) in the current fiscal year, and a net loss of SKr882 million.
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NewsSAS to open transatlantic service to SkyTeam hub Atlanta
Star Alliance carrier SAS is to open a new transatlantic service to Atlanta, a key hub for rival alliance SkyTeam which the airline is set to join. It will start serving Atlanta from Copenhagen on 17 June. The carrier’s reservations system indicates it will use Airbus A330-300s on the route. ...
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NewsSAS to reduce ‘complex’ mainline wet-leasing arrangements next year
SAS is looking to cut back on the number of wet-lease agreements it has entered, in order to simplify its operation as it emerges from US Chapter 11 protection. The airline’s full-year financials show that wet-lease expenditure increased substantially, to SKr2.6 billion ($250 million), compared with pre-crisis figures of around ...