Skip to main content

Scandinavia

SAS headed for Star Alliance exit

SAS Scandinavian Airlines is another step closer to leaving bankruptcy in the hands of new owners and leaving its long-time Star Alliance membership for the SkyTeam alliance, where it will join KLM/AirFrance, which will now own 20% of SAS. The bankruptcy case, which was filed in the U.S., was in court late last month to receive approval of its bankruptcy plan, which includes $1.2 billion in new financing, and changes in ownership which will leave the Danish state holding 26% and U.S.

Post
×
×
×
×