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Air France-KLM to take majority stake in SAS

Air France-KLM said today it plans to increase its stake in Scandinavian airline SAS to 60.5%, up from 19.9% currently, by acquiring the stakes held by top shareholder Castlelake and Lind Invest.

Business • 04 Jul

SAS last year filed for bankruptcy protection in the US

SAS posts bigger Q4 loss, eyes end to Chapter 11

Scandinavian airline SAS has today reported a bigger than expected pretax loss in the fourth quarter as high fuel costs and a weak Swedish currency weighed on its results.

Business • 30 Nov 23

SAS, Scandinavia's biggest carrier, filed for bankruptcy protection in the US in the middle of last year

SAS gets US court nod for $1.2 billion lifeline

Scandinavian airline SAS said it has received US bankruptcy court approval for its 13.2 billion Swedish crowns ($1.3 billion) investment agreement with a consortium of Castlelake, Air France-KLM, Lind Invest and the Danish state.

Business • 22 Nov 23

SAS, ravaged by the pandemic and pressured by low-cost rivals, had sought bankruptcy protection last year

Apollo seeking to join airline SAS investor consortium

US 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.

Business • 16 Oct 23

US investment firm Castlelake and Air France-KLM are set to become new major shareholders in SAS alongside the Danish state following bankruptcy proceedings

SAS shares plunge 95% as restructuring wipes out owners

SAS shares slumped by as much as 95% today after the airline announced a financial restructuring on Tuesday to prevent bankruptcy, bringing on board big new investors and wiping out the stakes of its more than 250,000 owners.

Business • 04 Oct 23

Castlelake

Air France-KLM to take majority stake in SAS

SAS posts bigger Q4 loss, eyes end to Chapter 11

SAS gets US court nod for $1.2 billion lifeline

Apollo seeking to join airline SAS investor consortium

SAS shares plunge 95% as restructuring wipes out owners

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