SAS Scandinavian Airlines has received approval from the New York Southern District bankruptcy court to launch the equity solicitation procedure to raise fresh capital. The carrier has been preparing for this step , which is part of the SAS FORWARD…
SAS Scandinavian Airlines is more optimistic about its long-term financial position and has revised upward guidance on key financial targets. This follows on a more detailed review since the airline shared preliminary figures in late February. SAS more bullish about…
SAS Scandinavian Airlines expects to start the equity solicitation process no later than April which should result in attracting fresh funding from investors. This is a major step that, if successful, should lead to SAS exiting Chapter 11 restructuring in…
The full-year loss of SAS Scandinavian Airlines deepened as the airline works its way through the Chapter 11 restructuring process. Despite carrying significantly more passengers in the past months, the financial results are lagging behind. SAS continues to see deep red…
UPDATE Oct 5 – In an update of its Chapter 11 restructuring and financial outlook, SAS Scandinavian Airlines says it expects to return to reach an operating profit in its financial year 2024 and become net-debt free in 2026. Revenues should…
Swedish start-up Heart Aerospace has redesigned its full-electric regional aircraft from a 19-seater to a 30-seater. The airframer also announced Air Canada and Saab as new minority shareholders of the project, while also announcing new orders. Heart unveiled the news on…