![]() ![]() "Management and the board want to make it absolutely clear for all stakeholders that the situation is very serious. application showed SAS needs a fresh start and that it thinks the strike will drag on. View of SAS Airbus A321 and A320neo aircraft at Kastrup Airport parked on the tarmac, after pilots of Scandinavian Airlines went on strike, in Kastrup, Denmark July 4, 2022. Sweden's government has said no to injecting more cash into the carrier, while Copenhagen has said it may do so if SAS is able attract new investors. The airline predicted its cash balance of 7.8 billion Swedish crowns was sufficient to meet its business obligations in the near term. They now trade at deeply distressed levels of around one-third of face value. Scandinavian airline SAS has filed for bankruptcy protection in the United States to help accelerate restructuring plans, it said on Tuesday, warning strike action by pilots had impacted its. SAS had three bonds outstanding, , with a total face value of 5.4 billion Swedish crowns ($519 million). Its finance chief Erno Hilden said in the court filing the airline had so far been unable to renegotiate lease terms, many of which it said were "significantly above" market rates. SAS needs to attract new investors and has said to do that it must slash costs across the company, including for leased planes that stand idle because of closed Russian airspace and a slow recovery in Asia. "For decades, SAS has had too-high costs and too-low productivity compared to its rivals," it said. Wallenberg Investments, SAS's third biggest shareholder with a 3.4% stake, said it supported the decision and would allow for talks to continue to make the airline competitive. SAS shares can be traded as normal during the bankruptcy proceedings. The oneworld Alliance member airlines include Alaska Airlines, American Airlines, British Airways, Cathay Pacific, Finnair, Iberia, Japan Airlines and more. SAS expects to complete the Chapter 11 process in nine to 12 months, it added. The strike is grounding roughly half the airline's flights, affecting some 30,000 passengers per day, it said.ĭata from flight tracking website FlightAware showed 232 SAS flights - 77% of those scheduled - had been cancelled on Tuesday, while Oslo's Gardermoen airport, one of SAS' hubs, had the world’s highest cancellation rate on the day. SAS said discussions with lenders regarding another $700 million of financing were "well advanced". ![]() TT News Agency/Johan Nilsson via REUTERS Acquire Licensing Rights For longer flights that are between two different continents, SAS oftentimes uses the Airbus A350-900, a large jet airliner that can fit up to 300 passengers.View of SAS Airbus A321 and A320neo aircraft at Kastrup Airport parked on the tarmac, after pilots of Scandinavian Airlines went on strike, in Kastrup, Denmark July 4, 2022. The Boeing 737-800 is the most commonly used by the company, as it is a comfortable option for middle-range flights and can fit up to 180 passengers. Out of the airline’s fleet that is composed of over 150 planes, almost all of them are either Airbus, Boeing, Bombardier, or ATR. The company also has codeshare agreements with several other airlines, such as EgyptAir, Lufthansa, and Swiss International Air Lines. SAS is a founding member of Star Alliance, an airline group that is composed of many international companies, including Air Canada, Avianca, and United Airlines. SAS Go provides standard amenities, such as free drinks, a hot meal, and the ability to use the airplane’s entertainment systems, while SAS Plus will give you access to an airport lounge before your flight boards, a comfortable seat that provides additional legroom, and the option of priority boarding. En primer lugar, consulte nuestras preguntas frecuentes. If you will be flying with this airline, you can choose from three different travel classes, referred to as SAS Go, SAS Plus, and SAS Business. Existen varios métodos para contactar con nosotros según la naturaleza de su consulta. Out of the airline’s fleet that is composed of. For those that are interested in visiting Europe, some popular countries among customers are Belgium, Italy, and Germany, while those planning on taking a trip to Asia can consider flying to either Thailand or Japan. SAS is a founding member of Star Alliance, an airline group that is composed of many international companies, including Air Canada, Avianca, and United Airlines. Considered to be the largest airline in Scandinavia, SAS has its headquarters in Sweden and flies to over 123 different destinations throughout the world. ![]()
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