Scandinavian Airlines

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by @christoph
2021-04-09T04:00:02+00:00
Transportation • Air Transportation & Traffic, Flying
EU greenlights €4 billion aid plan for Air France
AirFrance plane landing in San Francisco
AirFrance plane landing in San Francisco Credit: Bill Larkins (Creative Commons Attribution ShareAlike 2.0)

The European Commission on Tuesday stated the French government is allowed to contribute €4 billion to help keep Air France afloat.

In February, Ryanair lost a legal fight in the EU General Court against state aid being granted to Air France and Sweden's SAS through national schemes. Ryanair is still seeking to contest the German government's bailout of Lufthansa, as well as similar schemes in Spain, the Netherlands, Denmark and Portugal.

Portrait for @christoph
by @christoph
2020-06-15T19:30:01+00:00
Transportation • Air Transportation & Traffic, Flying
Swedish and Danish governments to rescue SAS airline
SAS plane at Gothenburg Landvetter Airport, Sweden
SAS plane at Gothenburg Landvetter Airport, Sweden Credit: Miguel Ángel Sanz

The Scandinavian airline SAS presented on June 15 a recapitalisation plan estimated in $1.3 billion. The company's two principal shareholders Sweden, with a 14.8% stake in the carrier, and Denmark, with a 14.2% share, are expected to inject capital to help the airline face the effects of the Covid-19 pandemic.

“The aim of the plan is to ensure that SAS is fully funded and that shareholders’ equity will be at levels reported before the COVID-19 pandemic when anticipated business volumes return to pre-corona levels in 2022,” SAS said in a statement.