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SAS takes delivery of its first A320neo

Scandinavia’s leading carrier becomes operator of world’s most fuel efficient single aisle Scandinavian Airlines (SAS), has taken delivery of its first of 30 A320neo aircraft ordered, becoming the first Arline in Scandinavia to operate the world’s most fuel efficient single aisle aircraft. SAS ordered the A320neo as part of its strategy to modernize its fleet with more fuel...

SAS celebrates 70 years in the sky

 August 1st, SAS celebrates 70 years as pioneers in the sky. The first flight, Stockholm to New York, took place on September 17th the same year. August 1, 1946 was the starting point for Scandinavia’s preferred airline through the merger of the Norwegian, Danish, and Swedish international airline operations. On September 17 of the same year, 28 specially invited guests gathered...

Swedish pilot strike continues

The Swedish Pilot Union SPF called 400 members on short haul routes out on strike, effective Friday, June 10. The majority of the flights operated by SAS with Swedish pilots will be cancelled. On Saturday this affects 159 flights and 20.000 passengers. On Saturday, flights operated by SAS with Swedish pilots will be cancelled. Flights, operated with Danish and Norw...

SAS completes Pre-Delivery Payment Financing for five Airbus aircraft with DVB

SAS has secured a Pre-Delivery Payment Financing Facility (“PDP Facility”) with DVB Bank covering a portion of the pre-delivery payments that SAS is making for five Airbus A320neo under the aircraft order with Airbus. The PDP Facility is structured as a revolving credit facility under which SAS may draw up to MUSD 46. Through th...

Scandinavian Airlines’ Focus on Cheap Fuel and Business Travel Brings It Profits

Scandinavian Airlines parent SAS AB returned to full-year profit as it benefited from lower fuel prices and a sharper focus on business travel, sending the stock to its biggest gain in 11 months. Earnings before tax and nonrecurring items recovered to 1.17 billion kronor ($140 million) in the year ended Oct. 31, from a loss of 697 million kronor a year earlier, the Stockholm- based company said...

SAS: EU General Court annulles European Commission decision

On November 9, 2010, the European Commission decided to fine SAS Cargo and the SAS Group, alongside 11 other airlines, for participation in a global cartel in the air cargo sector. SAS was finedMEUR 70.2, but appealed the decision in January 2011 to the European Court of first instance, the General Court. Today, nearly five years later, the European Court has ann...