EU Approves €1.3 Billion Restructuring Aid for SAS

The European Commission has approved a €1.3 billion restructuring aid package for Scandinavian Airlines, backed by Denmark and Sweden, aimed at ensuring the airline's long-term viability under the 'SAS Forward' plan amidst Chapter 11 bankruptcy protection.

Discovered 2024-06-28T07:52:06.003722-07:00 | 2024-06-28T07:52:06.003722-07:00

Sources

This story was covered by the following sources:

2024-06-29T04:51:38.165639-07:00

European Commission Approves $1.4 Billion In Restructuring Aid For SAS • Simple Flying

2024-06-28T09:53:38.479250-07:00

EU approves €1.3 billion restructuring aid for SAS • Aviation24

2024-06-28T09:19:17.361353-07:00

SAS restructuring aid cleared by European Commission • FlightGlobal

2024-06-28T09:01:59.749541-07:00

❗️ 2024-06-28T09:01:59.749541-07:00

World Airline News • Bruce Drum

SAS’ restructuring plan approved by European Commission

2024-06-28T08:47:18.921850-07:00

SAS’ $1.4bn restructuring plan approved by European Commission • Airline Economics

2024-06-28T07:52:06.003722-07:00

SAS’ restructuring plan approved by European Commission • Aviator.aero

Related Coverage

2024-06-23T02:44:49.469686-07:00 • 2024-06-23T02:44:49.469686-07:00

EU Likely to Approve Lufthansa's Acquisition of ITA Airways
2024-06-13T06:27:10.212269-07:00 • 2024-06-13T06:27:10.212269-07:00

EU Approval Imminent for Lufthansa's €325 Million ITA Airways Deal
2024-06-10T11:41:27.595020-07:00 • 2024-06-10T11:41:27.595020-07:00

SAS AB Plans Mid-July Vote on Re-Organisation
2024-06-06T01:26:05.707276-07:00 • 2024-06-06T01:26:05.707276-07:00

Ryanair Loses Court Fight Over €10 Billion Spanish Solvency Scheme
2024-06-04T02:40:54.996026-07:00 • 2024-06-04T02:40:54.996026-07:00

Lufthansa Confident of EU Approval for ITA Airways Takeover
2024-06-02T20:50:08.936973-07:00 • 2024-06-02T20:50:08.936973-07:00

SAS CEO Confident in EU Approval for Air France-KLM Stake
2024-05-30T03:25:37.941158-07:00 • 2024-05-30T03:25:37.941158-07:00

SAS Posts Major Q2 Loss, Plans Summer Restructuring Completion
2024-05-08T18:32:10.192578-07:00 • 2024-05-08T18:32:10.192578-07:00

EU Court Cancels Condor's State-Aid Approval after Ryanair Complaint
2024-04-29T06:32:19.730364-07:00 • 2024-04-29T06:32:19.730364-07:00

EU Sanctions \\u20ac95.3 Million Aid for TAROM Airline Restructuring
2024-04-25T10:09:26.819861-07:00 • 2024-04-25T10:09:26.819861-07:00

Lufthansa Enhances Offer to EU for ITA $348M Investment Deal Approval
2024-03-27T07:10:09.026167-07:00 • 2024-03-27T07:10:09.026167-07:00

SAS AB Initiates Reorganization Process in Sweden Amid US Chapter 11
2024-03-19T12:27:20.923228-07:00 • 2024-03-19T12:27:20.923228-07:00

SAS AB Secures $1.2 Billion in Funding through Court-Sanctioned Restructuring
2024-02-07T05:37:33.095081-08:00 • 2024-02-07T05:37:33.095081-08:00

SAS Secures Creditor Backing for Amended Chapter 11 Plan
2024-02-04T19:02:47.684550-08:00 • 2024-02-04T19:02:47.684550-08:00

SAS Secures Support for Chapter 11 Plan, Targets H1 2024 Emergence
2024-01-24T03:55:25.823506-08:00 • 2024-01-24T03:55:25.823506-08:00

SAS Targets $4.6 Billion Revenue Amid Restructuring
2024-01-02T16:16:00.802403-08:00 • 2024-01-02T16:16:00.802403-08:00

Airbus Prepares to Acquire Atos Cybersecurity Division for €1.8 Billion