The European Commission has greenlighted a €1.3 billion restructuring aid package for Scandinavian Airlines System AB (SAS), proposed by Denmark and Sweden. This measure aims to restore SAS’s long-term viability and limit market competition distortions.
Background and Need for Aid
- Previous Support: In October 2020, the Commission approved €833 million in aid under the COVID-19 Temporary Framework. Despite this, SAS filed for collective insolvency in late 2022.
- Restructuring Plan: The new plan includes fleet streamlining, network optimization, cost reduction, and revenue enhancement,…
