Air France-KLM thinks that it can fully unlock the potential of SAS Scandinavian Airlines by acquiring the airline and getting it into its transatlantic alliance. This will be to the benefit of all parties involved. Group CEO Ben Smith shared some further thoughts on the intention of Air France-KLM to acquire 19.9 percent of SAS in Friday’s Q3 earnings call.
The acquisition proposal was announced by SAS on October 3, when the airline said that Air France-KLM, Castlelake, Lind Invest, and the Danish State would be buying a combined 60.5 percent of the Scandinavian airline for $1.175 billion. Air France-KLM will invest $144.5 million, of which $109.5 million in common shares and $35 million in secured convertible bonds. The acquisition is conditional on regulatory approval from the European Commission and the US Department of Transportation and other conditions.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
