Denmark and Sweden save SAS with a rescue package

Denmark and Sweden are extending a life line of 9 billion kroner ($929 million) as part of a rescue package to save Scandinavian Airlines (SAS) from bankruptcy following the airline’s extensive losses due to COVID-19.

As a result, Denmark (14.2%) and Sweden (14.8%) are increasing their shares in the flag carrier.

Meanwhile layoffs continue with 1,900 jobs lost in Sweden, 1,300 in Norway and almost 1,600 in Denmark.

SAS aircraft photo gallery: