Sweden to cut its stake in SAS as planned - minister

SAS Link to dry-lease more E195s

Ryanair to reopen Copenhagen base in 4Q23

Ryanair (FR, Dublin International) will reopen its Copenhagen Kastrup base in December 2023,more than eight years after a union dispute prompted its closure.

The LCC said it would initially base two B737-800s out of the Danish capital and launch four new routes - to Faro, Düsseldorf Weeze, Warsaw Modlin, and Paris Beauvais, while adding more frequencies on its existing routes to Kraków John Paul II International and Gdansk.

"All 100 jobs for pilots, cabin crew, and engineers will be recruited under the national collective labour agreement Ryanair has agreed with Danske Metal, Denmark's largest national union, and Ryanair looks forward to continued growth and investment in Denmark as soon as the Danish regulator makes a decision to lower airport fees at Copenhagen Airport," Ryanair Holdings Chief Executive Michael O'Leary said.

The holding previously closed its Copenhagen base in mid-2015 over a pay dispute with local unions. At that time, the Irish holding had a policy to refuse recognition of any organised labour, which was...

SAS to remain in bankruptcy protection until early 1Q24

SAS Group and its debtor subsidiaries, including SAS Scandinavian Airlines (SK, Copenhagen Kastrup), will remain in US Chapter 11 bankruptcy protection until January 8, 2024, following a decision by the US Bankruptcy Court in New York to extend by 100 days the exclusivity period for the presentation of a restructuring plan to allow the debtors to conclude an equity solicitation process.

This is according to an order passed on August 10, 2023, by US Bankruptcy Court judge Michael E. Wiles in the SAS Group's ongoing Chapter 11 case (No. 22-10925) after finding that a motion to this effect was "in the best interests of the debtors, their estates, their creditors, and all parties in interest". Other documents before the court state that extending the period during which the debtors have the exclusive right to file a Chapter 11 plan will allow them to complete the process of soliciting equity to facilitate the best Chapter 11 exit plan. Terminating exclusivity at this time would counter meaningful progress being made.

The previous deadline for the presentation...

SAS sells four A321ceo to Spectre Air Capital

A Southern District of New York US Bankruptcy Court judge has authorised SAS Scandinavian Airlines (SK, Copenhagen Kastrup) to sell four A321-200s without engines to Spectre Air Capital.

The four airframes are OY-KBB (msn 1642), LN-RKI (msn 1817), OY-KBK (msn 1587), and OY-KBE (msn 1798). OY-KBB is 21.7 years old, LN-RKI is 20.95 years old, OY-KBK is 21.91 years old, and OY-KBE is 21.01 years old. All four aircraft remain at Marana in storage and sold on an “as is/where is” basis, free and clear of any and all liens, claims, and interests.

Spectre Air Capital is a privately held Texas-based entity specialising in selling and leasing mid-life passenger and freighter aircraft, engines, and long-term maintenance. The ch-aviation fleets advanced module shows Spectre owns 29 and manages 30 aircraft, primarily a mix of Boeing widebodies and narrowbodies, but also now six A321-200s and five EMB-145LRs.

"One of the cornerstones of SAS FORWARD (the transformation plan) is a redesigned airline fleet," the SAS filing seeking the court's approval reads. "As...