Air France–KLM announced on Friday that it is initiating proceedings to take a majority stake in SAS. The group currently holds a 19.9% stake and intends to raise its share to 60.5%, subject to regulatory approval. “Air France–KLM becoming the...
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Air France–KLM announced on Friday that it is initiating proceedings to take a majority stake in SAS. The group currently holds a 19.9% stake and intends to raise its share to 60.5%, subject to regulatory approval.
“Air France–KLM becoming the majority owner would mark a defining moment for SAS and a strong signal of confidence in the direction we’re heading,” says Anko van der Werff, President & CEO of SAS. “It brings not just stability but will also allow for deeper industrial integration and the full backing of one of the world’s leading airline groups, once regulatory approval has been obtained. Together, we will be better positioned to deliver greater value to our customers, our colleagues, and the wider region.”
SAS continues to invest in fleet renewal and network expansion while earning recognition as the most punctual airline in the world. This consolidation supports SAS’ ability to grow more sustainably, enhance customer experience, and reinforce its role in international aviation.
“This relationship is grounded in mutual respect, dedication to operational excellence and strong sustainability ambitions. As global interest in Scandinavia continues to grow, we believe this consolidation strengthens SAS’ ability to connect Scandinavia with the world—and the world with Scandinavia—by positioning Copenhagen as our global hub for the region, while continuing to uphold strong and strategic operations in both Oslo and Stockholm,” added Van der Werff. “We remain true to our identity, heritage, and deep customer focus. SAS will continue to be proudly Scandinavian at heart, look and feel.”
SAS has undergone a period of significant transformation in recent years. The airline filed for Chapter 11 bankruptcy protection in 2022 and began a comprehensive restructuring process.
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