The previously announced credit line from the major shareholders is now in place following the agreement by Scandinavian Airlines System – Denmark – Norway – Sweden to contract a credit facility for a total amount corresponding to SEK 3.0 billion with the governments of Sweden and Denmark as lenders. The facility is intended to support liquidity during the recovery phase following the COVID-19 pandemic.

“We are pleased to have the credit line in place and are grateful for the support of our major shareholders. The facility is designed to create a liquidity buffer and complements ongoing activities at SAS to reduce costs and strengthen liquidity,” says Magnus Örnberg, CFO of SAS.