Operating three primary hubs at Copenhagen Kastrup Airport, Stockholm Arlanda Airport and Oslo Gardermoen Airport. Scandinavian Airlines' (SAS) network consists of extensive regional services within Scandinavia and Europe as well as international services to Asia and North America.
As part of its SAS Forward restructuring plan, SAS voluntarily filed for Chapter 11 bankruptcy protection in the U.S. in July 2022. The process has enabled the airline to renegotiate labor agreements, restructure the company’s debt obligations and reconfigure its aircraft fleet.
Following approval by a New York bankruptcy court on March 19, the carrier's holding company initiated reorganization proceedings in Sweden on March 27, a requirement of the U.S. Chapter 11 process. SAS anticipates concluding the restructuring proceedings by the end of the first half of 2024.
The group’s exit from bankruptcy will be financed by $1.2 billion in funding from Air France-KLM, hedge fund Castlelake, investment manager Lind Invest and the Danish state.
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