Leadership changes at Scandinavian Airlines come as the carrier continues restructuring after filing for U.S. Chapter 11 bankruptcy protection in 2022.
SAS has reported a positive fiscal third quarter (Q3), despite the travails of restructuring, pilot training issues, and high wet-lease costs for 41 aircraft.
The European Commission has opened a probe into whether a €1 billion ($1.1 billion) recapitalization of Scandinavian Airlines is in line with EU aid rules.
SAS sees a lot of opportunities for Airbus A321LR operations in its markets, but the aircraft first has to prove itself, says SAS CEO Anko van der Werff.
Scandinavian Airlines (SAS) could be welcoming some new owners within 13 weeks, after receiving U.S. court approval to begin a search for fresh equity capital.
Scandinavian Airlines (SAS) has decided not to take up a $350 million debtor-in-possession (DIP) loan during the second quarter of 2023, as originally planned.
Through the new agreements, SAS has secured long-term financing for 10 new Airbus A320neos, scheduled to be delivered through the first quarter of fiscal 2024.
Scandinavian Airlines’ fiscal 2023 first quarter, which is typically a lot weaker than other quarters, featured steady increases in passengers and revenue.
SAS Scandinavian Airlines, Icelandair and Philippine Airlines set to launch flights on thinner long-haul routes during the northern summer 2023 season.
