SAS Group explained

SAS AB
Type:Private
State-owned (Denmark)
Area Served:Europe
Key People:Carsten Dilling (Chairman)
Anko van der Werff (CEO)
Industry:Aviation
Services:Airline services
Revenue: (2021)[1]
Operating Income: (2021)
Net Income: (2021)
Assets: (2021)
Equity: (2021)
Num Employees:7,532 (2021)
Subsid:Scandinavian Airlines
SAS Connect
SAS Link
SAS Cargo Group
SAS Technical Services
SAS Ground Handling
Founded:, merger of ABA (1924), DDL (1918), and DNL (1927)
Location:SAS Frösundavik Office Building, Solna, Stockholm, Sweden

SAS AB,[2] trading as SAS Group, is an airline holding company headquartered in the SAS Frösundavik Office Building in Solna Municipality, Sweden. It is the owner of the airlines Scandinavian Airlines and SAS Connect. SAS once owned 19.9% of the now defunct Spanish airline Spanair as well as shares in Estonian Air and Skyways Express. SAS Group is owned by the American investment fund Castlelake with a 32% stake, the Government of Denmark through the Ministry of Finance with a 25.8% stake, the airline holding company Air France-KLM with a 19.9% stake and the Danish family office Lind Invest with a 8.6% stake.

The conglomerate was founded in 1951 as a merger between the three Scandinavian flag carriers Aerotransport (ABA—Sweden), Det Danske Luftfartselskab (DDL—Denmark), and Det Norske Luftfartselskap (DNL—Norway), after the three had been cooperating on international routes since 1946. Until 2001, the three national companies owned a fixed share of the SAS Group, after which the shares of the three companies were merged. The SAS Group previously owned the Rezidor Hotel Group (owner of the Radisson SAS brand) and Braathens and had a minority interest in bmi, airBaltic, Texas Air, Thai Airways International, and LAN Airlines. SAS was a founder of the Amadeus Computerised Reservation System and the Star Alliance, where several of the group's airlines are members. SAS runs the frequent flyer program EuroBonus.

History

The airline was founded on 1 August 1946 when Det Danske Luftfartselskab A/S, AB Aerotransport, and Det Norske Luftfartselskap AS (the flag carriers of Denmark, Sweden, and Norway) formed a partnership to handle intercontinental traffic to Scandinavia. Operations started on 17 September 1946. The companies then started coordination of European operations in 1948 and finally merged to form the current SAS Consortium in 1951. When established the airline was divided between SAS Danmark (28.6%), SAS Norge (28.6%), and SAS Sweden (42.8%), all owned 50% by private investors and 50% by their respective governments. SAS gradually acquired control of the domestic markets in all three countries by acquiring full or partial control of several local airlines. In May 1997 SAS formed the global Star Alliance network with Air Canada, Lufthansa, Thai Airways International, and United Airlines.

SAS Group Milestones

Operations

SAS Group is the main operational company in the SAS consortium. The SAS Group company structure looks as follows:

Core SAS Holdings

Head office

The SAS Group head office is currently in the SAS Frösundavik Office Building in, Solna Municipality, Sweden, in the Stockholm area.[4] [5]

The SAS Group head office was previously located on the grounds of the Stockholm Arlanda Airport (ARN) in Sigtuna Municipality, Sweden.[6]

Before spring 2011, it was located in the SAS Frösundavik Office Building.[7] [8]

Partners and alliances

List of shareholders

ShareholderType of shareholderNationalityOwnership
CastlelakeInvestment fund United States32%
Ministry of Finance (Denmark)[9] Government Denmark25.8%
Air France–KLMAirline Group France
Netherlands
19.9%
Lind InvestFamily office Denmark8.6%
Others (to be distributed)
Source:[10]

Presidents

Financial performance

Year endedPassengers flown[11] Employees (Average/Year)Net profit/loss (SEK)Basic eps (SEK)
2010[12] 25,200,00014,801-2,218,000,000-7.79
2009[13] 24,900,00018,786-2,947,000,000-18.20
2008[14] 29,000,00024,635-6,360,000,000-6.29
200729,200,00026,5381,234,000,0003.87
200638,609,00026,5544,936,000,00028.10
200536,312,00032,363418,000,0001.06
200432,400,00032,481-1,813,000,000-11.38
200331,004,00034,544-2,221,000,000-8.60
200233,254,00035,506-736,000,000-0.81
200135,640,00031,035-1,140,000,000-6.58
2000*23,240,00030,9392,273,000,00011.79
1999*21,991,00030,3101,846,000,0008.41

Fleet

The SAS Group fleet consists of the following aircraft as of November, 2023:[15]

Type SASOn orderNotes
4OY-KBO in retro livery
11
61 19 25 wet leased to SAS Connect
Airbus A321LR3
ATR 72-6007Operated by Nordica
Airbus A330-3008
Airbus A350-900 XWB4 2
Bombardier CRJ90011Operated by CityJet
6 Operated by Nordica
10Operated by SAS Link
Total124 21

On January 4, 2010, the SAS Group announced the sales of 18 surplus MD-80 series aircraft to Allegiant Travel Company. The aircraft, built from 1985 to 1991, were delivered during the first half of 2010.[16]

On August 26, 2010, the SAS Group announced a 5-year lease agreement of 8 MD-90 series aircraft to an undisclosed US airline. The aircraft will be delivered between Q3-2010 and Q2-2011.

On April 10, 2018, the SAS Group announced a deal with Airbus for 35 new Airbus A320neos with another 15 being leased. These aircraft are meant to replace some of SAS's current A320s, as well as their Bombardier CRJ900's.[17] Bringing the total of the type to 80 aircraft.

SAS Museum

The exhibits at the SAS Museum at Oslo Airport, Gardermoen, in Norway, represent an important part of Scandinavian civil aviation history. The museum collections cover Scandinavian Airlines System (SAS) as well as its parent companies: AB Aerotransport (ABA), Det Danske Luftfartselskab (DDL), and Det Norske Luftfartselskap (DNL). A museum was originally established in 1989 in the hangar area at Oslo Airport, Fornebu at the same time as the formation of the DNL/SAS Historic Society. It was built up through the efforts of a group of enthusiasts among retired and active SAS employees. The establishment of the new museum in 2003-2004 is a result of SAS feeling a responsibility to document the history of Scandinavian civil aviation. For this purpose, the airline has entered a partnership with its three national historic societies and the latter undertake the day-to-day work on a volunteer basis. SAS absorbs the rental cost of the museum building and has also provided depots for museum exhibits in Denmark and Sweden. The museum at Oslo's Gardermoen is therefore more than just a continuation of the facility at Fornebu – it is a completely new and considerably expanded Scandinavian museum. It is run by a board that includes representatives of the SAS consortium and the Swedish, Danish, and Norwegian historic societies.

See also

External links

Notes and References

  1. Web site: SAS Group 2021 Annual Report . 2022-06-02 . SAS Group.
  2. Web site: SAS AB Company Profile Solna, Stockholm, Sweden Competitors, Financials & Contacts - Dun & Bradstreet . 2024-08-14.
  3. News: SAS to halt most flights, temporarily lay off 90% of staff. Reuters. 15 March 2020. Ahlander. Stine Jacobsen.
  4. "SAS AB Org.nr. 556606-8499." Svenska Dagbladet. Retrieved on October 26, 2016. "Besöksadress Frösundaviks Allé 1,"
  5. "SAS AB (publ) announces notice to the Annual General Meeting on 8 March 2016." SAS AB. Retrieved on October 26, 2016. "The Annual General Meeting will be held at 3 p.m. at SAS head office, Frösundaviks allé 1, Solna."
  6. "Media Contact SAS Group. Retrieved on 27 January 2012. "Visiting address: Kabinvägen 5, Stockholm-Arlanda, Sweden"
  7. "SAS head office in Sweden." Scandinavian Airlines. Retrieved on 8 June 2009.
  8. "Cykelkarta 2007 ." Solna Municipality. Retrieved on 12 February 2010.
  9. Web site: 2018-05-23 . Er staten en aktiv ejer af delejede selskaber? . live . 2024-08-13 . Folketinget.
  10. Web site: 2023-10-03 . SAS reaches major milestone in SAS FORWARD – announces the winning consortium, including details of the transaction structure . 2024-08-13.
  11. Web site: SAS. SAS. 2019-07-16. 2019-10-12. https://web.archive.org/web/20191012130838/https://www.sasgroup.net/en/. dead.
  12. Web site: SAS Annual Report 2010. SAS Group. 2010 . SAS Group . 2011-06-23.
  13. Web site: SAS Annual Report 2009. SAS Group. 2010 . SAS Group . 2011-06-23.
  14. Web site: SAS Annual Report 2008 . SAS Group . 2009 . SAS Group . 2010-06-23 . 2012-03-08 . https://web.archive.org/web/20120308113906/http://www.sasgroup.net/SASGROUP_IR/AdditionalFiles/2008en.pdf . dead .
  15. Web site: Fleet . 27 August 2019.
  16. Web site: SAS sells 18 MD-80 surplus aircraft to Allegiant Travel Company.
  17. Web site: SAS signs firm order for 35 Airbus A320neo Family aircraft. Airbus. 2018-04-15.