SAS tips

Late last year, SAS said it would leave the Star Alliance group of airlines – but it didn’t say exactly when or how. 

For airlines, timekeeping is about more than keeping passengers happy. Delays can hit the bottom line with additional fuel, labor, and operational costs. Sloppy scheduling can also have a major reputational impact.

SAS will continue to serve its customers in the ordinary course throughout this process.

SAS is getting ready for the summer season and will fly to over 130 destinations in more than 40 countries.

Aviation investors will have to wait a little bit longer to get a piece of TAP Air Portugal. The carrier’s long-awaited privatization is delayed up to a year following the recent sudden resignation of Portugal’s prime minister.

Carina Malmgren Heander has been a member of SAS Group Management since 2015 and she has been instrumental in several transformation initiatives, with the aim of building a competitive SAS for the future.

More about the reward details will be revealed upon launch at the beginning of 2024. 

SAS intends to convene an extraordinary general meeting of the Company’s shareholders, to be held in January 2024, to approve the contemplated step-up mechanism within short order.

Virgin Atlantic CEO Shai Weiss looks forward to a good winter. Bookings are strong and leisure travelers, especially those paying top dollar for the seats in the pointy end of the plane, are eager to travel to the airline’s many warm-weather destinations.

The agreed exit transaction remains subject to approval in connection with the confirmation of SAS’ chapter 11 plan of reorganization.

This exclusive partnership was jointly developed by the two companies to provide tailored protection for any global destination, with product offerings that travellers can dynamically bundle and unbundle, providing them with additional confidence and new revenue streams for SAS.

Scandinavian airline SAS secured an investment agreement with a consortium for restructuring aid of 13.2 billion Swedish crowns ($1.21 billion), with a loan from Castlelake replacing its previous debtor-in-possession financing by Apollo Global Management, the carrier said on Saturday.

U.S. private equity firm Apollo Global Management is seeking to join the consortium that Scandinavian airline SAS last week picked to take it through bankruptcy proceedings, according to a source familiar with the matter.

The CEO of bankrupt Scandinavian airline SAS, Anko Van der Werff, does not see the carrier’s position in the northern European market as “diminished” by recent market share grabs from the likes of Norwegian Air and Ryanair.

Anko van der Werff has a thing for airline bankruptcies. Either they follow him or he follows them. All of the three previous airlines he has worked for and led, Aeromexico as CCO, and as CEOs of Avianca and now SAS have gone through their rites of passage after he joined or after he left. And he relishes his role as tthye sharp but genial turnaround artist.