SAS’ restructuring plan approved by European Commission

The European Commission has declared the Kingdom of Denmark’s and the Kingdom of Sweden’s participation in SAS’ restructuring process compatible with applicable EU State aid rules. The approval marks another important step forward for SAS in its transformation plan and in the on-going restructuring proceedings.

The effectiveness of airline’s chapter 11 plan of reorganization remains subject to various conditions precedent, including approvals from various regulatory authorities and a successful...