SAS News - SAS https://www.sasgroup.net/_rss/sas-news/en Wed, 08 Nov 2023 14:39:57 GMT https://validator.w3.org/feed/docs/rss2.html WaaS en All rights reserved 2023 <![CDATA[SAS AND APOLLO EXTEND PARTNERSHIP AGREEMENT]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-and-apollo-extend-partnership-agreement/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-and-apollo-extend-partnership-agreement/ Wed, 08 Nov 2023 14:27:33 GMT <![CDATA[SAS Traffic figures – October 2023]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-traffic-figures--october-2023/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-traffic-figures--october-2023/ Tue, 07 Nov 2023 10:00:00 GMT <![CDATA[SAS enters into investment agreement and replacement facility for existing debtor-in-possession financing]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-enters-into-investment-agreement-and-replacement-facility-for-existing-debtor-in-possession-financing/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-enters-into-investment-agreement-and-replacement-facility-for-existing-debtor-in-possession-financing/ Sat, 04 Nov 2023 16:30:00 GMT <![CDATA[CHIEF INFORMATION OFFICER, CHARLOTTE SVENSSON, TO LEAVE SAS]]> https://www.sasgroup.net/newsroom/press-releases/2023/chief-information-officer-charlotte-svensson-to-leave-sas/ https://www.sasgroup.net/newsroom/press-releases/2023/chief-information-officer-charlotte-svensson-to-leave-sas/ Wed, 01 Nov 2023 07:00:00 GMT <![CDATA[SAS INAUGURATES NEW ROUTE TO BANGKOK FROM COPENHAGEN]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-inaugurates-new-route-to-bangkok-from-copenhagen/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-inaugurates-new-route-to-bangkok-from-copenhagen/ Mon, 30 Oct 2023 22:03:08 GMT <![CDATA[SAS files monthly operating reports with U.S. court and announces certain financial information for the Group]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-files-monthly-operating-reports-with-us-court-and-announces-certain-financial-information-for-the-group-2023-10-26/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-files-monthly-operating-reports-with-us-court-and-announces-certain-financial-information-for-the-group-2023-10-26/ Thu, 26 Oct 2023 06:00:00 GMT <![CDATA[BIOFUEL IMPROVES AIR QUALITY]]> https://www.sasgroup.net/newsroom/press-releases/2023/biofuel-improves-air-quality/ https://www.sasgroup.net/newsroom/press-releases/2023/biofuel-improves-air-quality/ Wed, 25 Oct 2023 10:20:35 GMT <![CDATA[A STAR ABOVE THE REST: STAR ALLIANCE OPENS NEW LOUNGE AT PARIS CHARLES DE GAULLE AIRPORT]]> https://www.sasgroup.net/newsroom/press-releases/2023/a-star-above-the-rest-star-alliance-opens-new-lounge-at-paris-charles-de-gaulle-airport/ https://www.sasgroup.net/newsroom/press-releases/2023/a-star-above-the-rest-star-alliance-opens-new-lounge-at-paris-charles-de-gaulle-airport/ Mon, 16 Oct 2023 13:57:26 GMT <![CDATA[SAS defers interest payment on perpetual capital securities as part of the SAS FORWARD plan and the ongoing chapter 11 process]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-defers-interest-payment-on-perpetual-capital-securities-as-part-of-the-sas-forward-plan-and-the-ongoing-chapter-11-process-2023-10-11/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-defers-interest-payment-on-perpetual-capital-securities-as-part-of-the-sas-forward-plan-and-the-ongoing-chapter-11-process-2023-10-11/ Wed, 11 Oct 2023 09:00:00 GMT <![CDATA[Mads Brandstrup new Senior Vice President Communications and Public Affairs at SAS]]> https://www.sasgroup.net/newsroom/press-releases/2023/mads-brandstrup-new-senior-vice-president-communications-and-public-affairs-at-sas/ https://www.sasgroup.net/newsroom/press-releases/2023/mads-brandstrup-new-senior-vice-president-communications-and-public-affairs-at-sas/ Tue, 10 Oct 2023 09:00:00 GMT <![CDATA[SAS Traffic figures – September 2023]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-traffic-figures--september-2023/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-traffic-figures--september-2023/ Fri, 06 Oct 2023 09:00:00 GMT <![CDATA[SAS reaches major milestone in SAS FORWARD – announces the winning consortium, including details of the transaction structure]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-reaches-major-milestone-in-sas-forward--announces-the-winning-consortium-including-details-of-the-transaction-structure/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-reaches-major-milestone-in-sas-forward--announces-the-winning-consortium-including-details-of-the-transaction-structure/ Tue, 03 Oct 2023 15:55:00 GMT
The details and final documentation for the agreed transaction structure remain to be finalized between the Investors and SAS. The transaction will also need to be approved as part of SAS’ chapter 11 plan of reorganization (the “Chapter 11 Plan”). The confirmation and effectiveness of the Chapter 11 Plan remain subject to various conditions precedent, including approval by the U.S. Bankruptcy Court for the Southern District of New York (the “U.S. Court”), which will require the solicitation of votes on the Chapter 11 Plan from certain creditors, approvals from various regulatory authorities and the completion of a Swedish company reorganization (as described below). No approval is expected to be required from the existing shareholders of SAS AB for the transaction.

SAS will continue to operate and serve its customers as usual throughout the implementation of the transaction, which is likely to entail a filing by SAS AB (i.e., the listed parent company for the SAS group) for a company reorganization in Sweden (Sw. företagsrekonstruktion) (the “Swedish Reorganization”) in 2024. As a result of that process, all of SAS AB’s common shares and listed commercial hybrid bonds are expected to be cancelled, redeemed and delisted (currently expected to occur during the second quarter of 2024). Consequently, no value is expected for existing shareholders in SAS AB and only a modest recovery is expected for the holders of commercial hybrid bonds.

In parallel to the transaction, and further to its joining of SkyTeam, SAS AB will seek to establish a commercial cooperation with Air France-KLM and its airlines (subject to customary approvals), to the benefit of Scandinavian customers through increased connectivity.]]>
<![CDATA[Invitation to press conference for status update on SAS’ equity solicitation process]]> https://www.sasgroup.net/newsroom/press-releases/2023/invitation-to-press-conference-for-status-update-on-sas-equity-solicitation-process/ https://www.sasgroup.net/newsroom/press-releases/2023/invitation-to-press-conference-for-status-update-on-sas-equity-solicitation-process/ Mon, 02 Oct 2023 21:37:43 GMT <![CDATA[SAS’ evaluation process ongoing following expiration of final bid deadline]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-evaluation-process-ongoing-following-expiration-of-final-bid-deadline/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-evaluation-process-ongoing-following-expiration-of-final-bid-deadline/ Tue, 26 Sep 2023 06:52:46 GMT <![CDATA[SAS files monthly operating reports with U.S. court and announces certain financial information for the Group]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-files-monthly-operating-reports-with-us-court-and-announces-certain-financial-information-for-the-group-2023-09-26/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-files-monthly-operating-reports-with-us-court-and-announces-certain-financial-information-for-the-group-2023-09-26/ Tue, 26 Sep 2023 06:00:00 GMT <![CDATA[SAS EARNS EXCEPTIONAL FIVE-STAR RATING IN GLOBAL CUSTOMER RANKING]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-earns-exceptional-five-star-rating-in-global-customer-ranking/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-earns-exceptional-five-star-rating-in-global-customer-ranking/ Thu, 21 Sep 2023 08:00:00 GMT <![CDATA[SAS RECEIVES RED DOT AWARD FOR ITS REDESIGNED APP]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-receives-red-dot-award-for-its-redesigned-app/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-receives-red-dot-award-for-its-redesigned-app/ Thu, 14 Sep 2023 06:00:00 GMT <![CDATA[Update on Timeline for SAS Equity Solicitation Process]]> https://www.sasgroup.net/newsroom/press-releases/2023/update-on-timeline-for-sas-equity-solicitation-process-2023-09-11/ https://www.sasgroup.net/newsroom/press-releases/2023/update-on-timeline-for-sas-equity-solicitation-process-2023-09-11/ Mon, 11 Sep 2023 16:20:00 GMT <![CDATA[SAS Traffic figures – August 2023]]> https://www.sasgroup.net/newsroom/press-releases/2023/sas-traffic-figures--august-2023/ https://www.sasgroup.net/newsroom/press-releases/2023/sas-traffic-figures--august-2023/ Thu, 07 Sep 2023 09:00:00 GMT <![CDATA[STAR ALLIANCE LOS ANGELES LOUNGE NAMED NORTH AMERICA'S LEADING AIRPORT LOUNGE AT THE WORLD TRAVEL AWARDS 2023]]> https://www.sasgroup.net/newsroom/press-releases/2023/star-alliance-los-angeles-lounge-named-north-americas-leading-airport-lounge-at-the-world-travel-awards-2023/ https://www.sasgroup.net/newsroom/press-releases/2023/star-alliance-los-angeles-lounge-named-north-americas-leading-airport-lounge-at-the-world-travel-awards-2023/ Mon, 04 Sep 2023 13:40:49 GMT