Air France-KLM plans to acquire a majority stake in SAS to enhance operational synergies and capitalize on the airline's improved performance.
Information on the Target
Air France-KLM is proceeding to acquire a majority stake in Scandinavian Airlines System (SAS), in which it currently holds a 19.9% stake. This strategic initiative follows the initiation of commercial cooperation between SAS, Air France, and KLM in the summer of 2024, characterized by expanded codeshare and interline agreements. Notably, SAS has also joined the SkyTeam alliance, further positioning it within a global airline network.
Upon completion of this transaction, Air France-KLM aims to acquire stakes held by Castlelake and Lind Invest, increasing its ownership to 60.5%. During this process, the Danish State will maintain its 26.4% share in SAS alongside its representation on the Board of Directors.
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Industry Overview in Denmark
The Danish aviation sector has shown resilience in recent years, particularly in the face of global economic fluctuations. As a major player in the Nordic region, SAS is a significant part of this land
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