Scandinavian Airlines-SAS made this announcement:
Today’s announcement from the Norwegian Government, regarding its intention to support our transformation plan SAS FORWARD by converting its debt holding into SAS equity, is appreciated and an important step towards the success of SAS FORWARD.
The Norwegian Government has also announced they will not contribute with new capital. SAS wants to express its appreciation of the support provided by the Norwegian State over the years and most recently during the pandemic.
The full implementation of SAS FORWARD, including the burden sharing components, will allow SAS to become a competitive player in the European airline industry.
Since 1946, SAS has been an important part of the Scandinavian infrastructure, connecting Norway and Scandinavia to the world and the world to Scandinavia. This continues to be SAS’ mission for generations to come.
SAS aircraft photo gallery: