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Top related persons:
Johan Nilsson - 4 Pedersen - 3 Jacob Gronholt - 2 Jacob Pedersen - 2 Mark Potter - 2 Castlelake - 1 Lind - 1 Carsten Dilling - 1
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SAS Airbus - 4 Kastrup - 4 Scandinavian Airlines - 4 TT News Agency - 4 REUTERS - 4 SAS - 4 Thomson - 4 Rights - 3

Search resuls for: "SAS Airbus"


4 mentions found


☆ Airline SAS says investment firm Castlelake, Air France-KLM to become new shareholders
  + stars: | 2023-10-03 | by ( ) www.reuters.com   time to read: +1 min
TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsCOPENHAGEN, Oct 3 (Reuters) - Scandinavian airline SAS (SAS.ST) said on Tuesday that investment firm Castlelake and Air France-KLM (AIRF.PA) would become new major shareholders in the airline alongside the Danish state following bankruptcy proceedings. Castlelake will take a stake of around 32%, Air France-KLM's will be around 20%, while the Danish state will hold about 26%, SAS said. Lind Invest, a Danish investment firm, will hold 8.6% of equity, SAS said. The company said total investments in the reorganized SAS would amount to 12.9 billion Swedish crowns ($1.16 billion). ($1 = 11.1283 Swedish crowns)Reporting by Jacob Gronholt-Pedersen and Louise Rasmussen, editing by Gwladys FoucheOur Standards: The Thomson Reuters Trust Principles.
Persons: Johan Nilsson, Castlelake, Lind, Carsten Dilling, Dilling, Jacob Gronholt, Pedersen, Louise Rasmussen, Gwladys Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavian, SAS, Air France, KLM, Air, Lind Invest, Apollo Global Management, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Air France, Stockholm, United States
☆ Explainer: Who will save struggling airline SAS?
  + stars: | 2023-09-27 | by ( Johannes Birkebaek Jacob Gronholt-Pedersen | Johannes Birkebaek | Jacob Gronholt-Pedersen | ) www.reuters.com   time to read: +4 min
SAS filed for U.S. bankruptcy protection last year as it struggled to slash costs and debt amid strikes by pilots. SAS hopes to raise 9.5 billion Swedish crowns ($863 million) in new equity and convert 20 billion crowns of debt into equity. They could include Sweden's family-owned Wallenberg foundation, which currently holds a 3.4% stake in SAS, or Danish pension funds, he said. Once that is done, SAS can begin proceedings to exit chapter 11 bankruptcy protection, which could be late this year or next year, Pedersen said. It is not clear if SAS will be taken off the Swedish stock market after exiting bankruptcy protection.
Persons: Johan Nilsson, Apollo, Jacob Pedersen, Gerald Engstrom, Pedersen, Johannes Birkebaek, Jacob Gronholt, Mark Potter Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavia's, SAS, U.S, Italy's ITA Airways, Portugal's TAP, WHO, Apollo Global Management Inc, European Union, Wallenberg, Private, Lufthansa, ITA Airways, Thomson Locations: Kastrup, Denmark, Rights COPENHAGEN, Danish, Copenhagen, EU, Europe, SWEDEN, NORWAY, Swedish, Sweden, Private Swedish
☆ Airline SAS assesses final bids for its bail-out from bankruptcy
  + stars: | 2023-09-26 | by ( ) www.reuters.com   time to read: +2 min
TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsSTOCKHOLM, Sept 26 (Reuters) - Scandinavian airline SAS (SAS.ST) said on Tuesday it was evaluating final bids in an equity fundraising that closed a day earlier, and which is part of an ongoing bankruptcy protection process. The Sweden-listed company, which has been under U.S. "chapter 11" bankruptcy protection since July 2022, has since June extended the deadline for final bids twice, at the request of bidders. "SAS will announce the winning bidder or bidders as soon as the evaluation process has been completed," it said in a statement. The long-struggling carrier reported earlier a net loss of 4.41 billion Swedish crowns ($398 million) for the November through August period. SAS originally aimed to complete its restructuring by July, but the target has slipped to the end of the year.
Persons: Johan Nilsson, Anna Ringstrom, Essi Lehto Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Rights, Scandinavian, SAS, Sweden, Reuters, Apollo Global Management Inc, Thomson Locations: Kastrup, Denmark, Rights STOCKHOLM, Sweden
☆ Airline SAS extends deadline for equity fundraising
  + stars: | 2023-09-11 | by ( ) www.reuters.com   time to read: +2 min
TT News Agency/Johan Nilsson via REUTERS/File Photo Acquire Licensing RightsSept 11 (Reuters) - Scandinavian airline SAS (SAS.ST), battling to emerge from bankruptcy protection, said on Monday it was extending the deadline for final bids for its equity fundraising by a week to Sept. 25 at the request of bidders. SAS said in May the U.S. court had approved a revised plan to raise equity. Denmark has said it is willing to increase its stake in SAS to around 30% from around 22%, if others investors were to take a majority stake. Reuters reported in May that U.S. asset manager Apollo Global Management Inc (APO.N) planned to apply for approval from Swedish and Danish regulators to take a majority stake in SAS as part its rescue plan. Earlier this month, SAS, which has been under bankruptcy protection since July 2022, posted its first quarterly pretax profit since late 2019.
Persons: Johan Nilsson, Jacob Pedersen, Pedersen, Urvi Dugar, Gokul, David Evans, Mark Potter, Susan Fenton Organizations: SAS Airbus, Kastrup, Scandinavian Airlines, TT News Agency, REUTERS, Scandinavian, SAS, Reuters, Apollo Global Management Inc, Marie Mannes, Thomson Locations: Kastrup, Denmark, Sweden, Bengaluru, Stockholm
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