SAS comment on today’s announcement from the Swedish Government
Today’s announcement regarding the intention of the Swedish Government to support the conversion of its debt holdings into SAS equity is an important step toward the success of the transformation plan, SAS FORWARD. The full implementation of SAS FORWARD, including the burden sharing components, will allow SAS to become a competitive player in the European airline industry, thereby attracting the necessary new equity capital to restore its liquidity, deleverage its balance sheet and invest in a new fleet of aircraft. The Swedish Government has also announced they will not inject