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Corporation
sasgroup.net

Partners & Customers

8

About SAS Group

SAS is the single largest airline with a market share of about one-third of the total air travel market. The company provides flight destinations in Europe, USA and Asia.

Headquarters Location

Stockholm,

Sweden

+46-8-797-29-44

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Latest SAS Group News

Apollo lends a lifeline to struggling Scandinavian airline SAS Group

Aug 15, 2022

GordZam/iStock Editorial via Getty Images Scandinavian air carrier SAS Group ( OTC:SASDQ ) was able to keep its wheels off the ground by agreeing to a $700M financing deal with Apollo Global Management ( APO ). The carrier has been in Chapter 11 bankruptcy protection proceedings since July, after tenuous negotiations with the pilots union and post-COVID debt drove the company into insolvency. The airline backed by Denmark and Sweden indicated the new financing should help the company in its plans to restructure and emerge from bankruptcy. “With this financing, we will have a strong financial position to continue supporting our on-going operations throughout our voluntary restructuring process in the U.S.,” Carsten Dilling, Chairman of the Board of SAS, commented. “With their substantial financing commitment, we can now focus entirely on accelerating the implementation of our SAS FORWARD plan, and to continue our more than 75-year legacy of being the leading airline in Scandinavia.” Stockholm-listed shares of the air carrier rose over 5% on Monday.

SAS Group Acquisitions

1 Acquisition

SAS Group acquired 1 company. Their latest acquisition was Cimber on December 08, 2014.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

12/8/2014

$99M

Acquired

1

Date

12/8/2014

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Acquired

Sources

1

SAS Group Partners & Customers

8 Partners and customers

SAS Group has 8 strategic partners and customers. SAS Group recently partnered with AerCap on October 10, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

10/5/2022

Vendor

Netherlands

AerCap Signs Retention and Lease Extension Agreements with SAS for 6 Airbus A320 Aircraft :: AerCap Holdings N.V. (AER)

DUBLIN , Oct. 5 , 2022 / PRNewswire / -- AerCap Holdings N.V. today announced that it has signed agreements with SAS for the retention and lease extension of six Airbus A320 aircraft .

1

3/10/2022

Partner

United States

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10

2/15/2021

Vendor

United States

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10

1/28/2021

Partner

United States

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10

12/11/2020

Vendor

India

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10

Date

10/5/2022

3/10/2022

2/15/2021

1/28/2021

12/11/2020

Type

Vendor

Partner

Vendor

Partner

Vendor

Business Partner

Country

Netherlands

United States

United States

United States

India

News Snippet

AerCap Signs Retention and Lease Extension Agreements with SAS for 6 Airbus A320 Aircraft :: AerCap Holdings N.V. (AER)

DUBLIN , Oct. 5 , 2022 / PRNewswire / -- AerCap Holdings N.V. today announced that it has signed agreements with SAS for the retention and lease extension of six Airbus A320 aircraft .

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Sources

1

10

10

10

10

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