SAS AB (“SAS” or the “Company”) announces that it has entered into a debtor-in-possession (“DIP”) financing credit agreement for USD 700 million (the equivalent of approximately SEK 7.0 billion) with funds managed by Apollo Global Management (“Apollo”).

SAS continues the ramp-up and has during the quarter seen the highest number of passengers since the pandemic started. Meanwhile, the work with the necessary transformation plan, SAS FORWARD, continues.

Scandinavian Airlines has said it will cut as many as 5,000 jobs as it seeks to restructure for a post-Covid 19 world. The losses will be split between approximately 1,900 full-time positions in Sweden, 1,300 in Norway and 1,700 in Denmark.

SAS has launched a slightly odd new ad campaign – ‘We Are Travellers’ - that questions the very origins of Scandinavia. The campaign’s centrepiece is what the airline describes as a “timely, cheeky and warm” reminder of why we travel - and what we bring with us home. 

The first of three new A321LRs, a narrow-bodied aircraft suited for longer distances, will enter the SAS fleet in September next year. The Airbus A321LR is a narrow-body, single aisle aircraft, specially configured to fly longer distances than a standard A321neo.

Travelers flying with SAS can now voluntarily choose to buy biofuel and so as to help reduce climate-affecting CO2 emissions by up to 80 per cent. The new non-profit service aims to pioneer a large-scale and competitive market for biofuel within aviation, in line with SAS’ sustainability strategy.