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Air France-KLM Starts Move to Take Majority Control of SAS
- On July 4, 2025, Air France-KLM announced it will initiate proceedings to acquire a majority stake in Scandinavian Airline SAS, based in Europe.
- This move follows commercial cooperation starting in summer 2024 and reflects SAS's significant financial and operational improvements after restructuring.
- Air France-KLM plans to increase its stake from 19.9% to 60.5% by acquiring holdings from Castlelake and Lind Invest while the Danish State retains a 26.4% stake and board representation.
- Benjamin Smith, CEO of Air France-KLM, stated that after completing its restructuring, SAS has shown strong results, and the investment's value will be determined based on SAS's financial outcomes at the time of closing.
- The acquisition would establish SAS as a subsidiary under Air France-KLM, allowing for closer industrial collaboration and providing greater stability and improved connectivity for both customers and the Scandinavian region.
53 Articles
53 Articles
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The Franco-Dutch group no longer hides its intention to take possession of SAS after a partnership started in 2024. The European giant will increase its shares from 19.9% to 60.5% of the capital to strengthen its presence in Northern Europe.
The airline is one of the oldest in the world, but it was last in great turbulence. Now it is to become part of Air France-KLM. Are all problems solved?
The Air France-KLM air group intends to consolidate its positions in northern Europe and aims to control the Scandinavian company SAS.
French-Dutch aviation group Air France-KLM announced on Friday that it is initiating the process to acquire a majority stake in Nordic airline SAS.
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