Air France-KLM to Take Control of SAS
The corporate will personal 60.5% of the airline.
By Zach Vasile
Air France-KLM announced Friday that it’s going to take a majority stake in Scandinavian Airlines, the nationwide airline of Denmark, Norway, and Sweden.
In a statement, the corporate stated it would absolutely purchase stakes held by funding companies Castlelake and Lind Make investments, boosting its share of SAS from 19.9% to 60.5%.
No monetary phrases have been disclosed. The deal should be cleared by European regulators, and is tentatively scheduled to shut within the second half of 2026.
If the acquisition does undergo, SAS would turn into a subsidiary of Air France-KLM. The 2 have already got a codeshare settlement in place, however a majority buyout would permit for even higher integration, together with reciprocity in loyalty packages.
An Air France Airbus A319 (Picture: AirlineGeeks | William Derrickson)
Air France-KLM stated the federal government of Denmark will retain its 26.4% stake in SAS and its seats on the service’s board of administrators.
“We’re excited by the prospect of absolutely welcoming SAS into the Air France-KLM household,” stated Air France-KLM CEO Benjamin Smith. “Following their profitable restructuring, SAS has delivered spectacular efficiency, and we’re assured that the airline’s potential will proceed to develop by deeper integration throughout the Air France-KLM Group.”
Air France-KLM is headquartered in Paris and serves because the holding firm for Air France, KLM Royal Dutch Airlines, and low-cost service Transavia. The corporate took its preliminary stake in SAS in 2023 because the airline underwent restructuring after submitting for chapter safety within the U.S. SAS absolutely emerged from chapter in August 2024.
Zach Vasile is a author and editor masking information in all features of business aviation. He has reported for and contributed to the Manchester Journal Inquirer, the Hartford Enterprise Journal, the Charlotte Observer, and the Washington Examiner, together with his space of focus being the intersection of enterprise and authorities coverage.
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