Editing SAS Group (section)

{{Short description|Airline holding company based in Sweden}}
{{Infobox company
| name = SAS AB
| logo = SAS Group logo.svg
| type = [[Privately held company|Private]]<br />
[[State-owned enterprise]] (Partly)
| ISIN = {{ISIN|sl=n|pl=y|SE0003366871}}
| area_served = Europe
| key_people = [[Carsten Dilling]] ([[Chair (official)|Chairman]])<br />[[Anko van der Werff]] ([[chief executive officer|CEO]])
| industry = [[Aviation]]
| services = [[Airline]] [[Service (economics)|service]]s
| revenue = {{decrease}} {{SEK|13.96 billion|link=yes}} (2021)<ref name="sasgroup.net">{{Cite web |url=https://www.sasgroup.net/files/Main/290/3493244/sas-annual-and-sustainability-report-fy2021.pdf |title=SAS Group 2021 Annual Report |access-date=2022-06-02 |publisher=SAS Group}}</ref>
| operating_income = {{increase}} {{SEK|&minus;5.49 billion}} (2021)<ref name="sasgroup.net"/>
| net_income = {{increase}} {{SEK|&minus;6.53 billion}} (2021)<ref name="sasgroup.net"/>
| assets = {{decrease}} {{SEK|52.71 billion}} (2021)<ref name="sasgroup.net"/>
| equity = {{decrease}} {{SEK|6.42 billion}} (2021)<ref name="sasgroup.net"/>
| owner = {{ubl|class=nowrap
 | Castlelake, L.P. (32%)<br>
 | [[Ministry of Finance (Denmark)]] (25.8%)<br>
 | [[Air France–KLM]] (19.9%)<br>
 | Lind Invest (8.6%)}}
| num_employees = 7,532 (2021)<ref name="sasgroup.net"/>
| subsid = {{ubl|class=nowrap
  | [[Scandinavian Airlines]]
  | [[SAS Connect]]
  | [[SAS Link]]
  | SAS Cargo Group
  | SAS Technical Services
  | [[SAS Ground Handling]]}}
| homepage = {{URL|www.sasgroup.net}}
| founded = {{start date and age|1946|||df=yes}}, merger of [[Aerotransport|ABA]] (1924), [[Det Danske Luftfartselskab|DDL]] (1918), and [[Det Norske Luftfartsselskap|DNL]] (1927)
| location = SAS Frösundavik Office Building, [[Solna Municipality|Solna]], [[Stockholm]], [[Sweden]]
}}

'''SAS [[Aktiebolag|AB]]''',<ref>{{Cite web |title=SAS AB Company Profile {{!}} Solna, Stockholm, Sweden {{!}} Competitors, Financials & Contacts - Dun & Bradstreet |url=https://www.dnb.com/business-directory/company-profiles.sas_ab.62a081e8f7283572c8e487bdd3af1db0.html |access-date=2024-08-14}}</ref> trading as '''SAS Group''', is a Swedish airline [[holding company]] headquartered in [[Solna Municipality]], [[Sweden]]. It is the owner of the airlines [[Scandinavian Airlines]], [[SAS Link]], and [[Scandinavian Airlines Connect|SAS Connect]]. 

As of 2024, SAS Group is owned by a group of shareholders including the American [[investment fund]] Castlelake, L.P. (in turn controlled by [[Brookfield Corporation|Brookfield Asset Management]]<ref>{{URL|https://www.castlelake.com/article/brookfield-and-castlelake-complete-strategic-partnership-transaction/}}</ref>) with a 32% stake, the [[Government of Denmark]] (through the [[Ministry of Finance (Denmark)|Ministry of Finance]]) with a 25.8% stake, [[Air France-KLM]] with a 19.9% stake and the Danish [[family office]] Lind Invest with a 8.6% stake. This ownership structure emerged after the company exited [[Chapter 11 bankruptcy|U.S. Chapter 11 bankruptcy]] in August 2024, a process initiated in July 2022 due to the group's financial difficulties.<ref>{{Cite web |last=Terje Solsvik and Marie Mannes |date=August 28, 2024 |title=Scandinavian airline SAS hails 'new era' as it exits US bankruptcy process |website=[[Reuters]] |url=https://www.reuters.com/business/aerospace-defense/airline-sas-completes-restructuring-emerges-us-bankruptcy-proceedings-2024-08-28/}}</ref>

SAS was formed as a consortium in 1951, as a merger between the three Scandinavian [[flag carrier]]s [[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.<ref>{{Cite web |title=History milestones - SAS |url=https://www.sasgroup.net/about-sas/sas-history/history-milestones/ |access-date=2024-08-30 |website=www.sasgroup.net |language=en}}</ref>  

Until 2001, the three national companies owned a fixed share of the SAS Group, after which the shares of the three companies were merged into ''SAS [[Aktiebolag|AB]]''.<ref>{{Cite web |last=Regeringskansliet |first=Regeringen och |date=2015-01-23 |title=SAS AB (SAS) |url=https://www.regeringen.se/myndigheter-med-flera/sas-ab-sas/ |access-date=2024-09-02 |website=Regeringskansliet |language=sv}}</ref> Norway sold its final 9.88% stake in June 2018, marking the end of its involvement in SAS after being a part-owner since 1946. The [[List of government enterprises of Sweden|Swedish government]] maintained a 21.8% stake until the 2024 restructuring.<ref>{{Cite web |last=Vanja Popovic |date=3 July 2024 |title=SAS restructuring plan gets EU green light |url=https://www.ch-aviation.com/news/142036-sas-restructuring-plan-gets-eu-green-light}}</ref>

SAS Group previously owned various entities, including  [[Rezidor Hotel Group]] (owner of the [[Radisson SAS]] brand) and [[Braathens ASA|Braathens]]. It also had a minority interest in [[bmi (airline)|bmi]], [[airBaltic]], [[Texas Air]], [[Thai Airways International]], and [[LAN Airlines]]. SAS also once owned 19.9% of the now defunct Spanish airline [[Spanair]] as well as shares in [[Estonian Air]] and [[Skyways Express]].  

SAS was a founder of the [[Amadeus CRS|Amadeus Computerised Reservation System]] and the [[Star Alliance]], which it left on 31 August 2024.<ref>{{Cite web |last=Smith |first=Gordon |date=2024-04-09 |title=SAS Scandinavian Airlines Quits Star Alliance: 6 Key Questions Answered |url=https://skift.com/2024/04/09/sas-scandinavian-airlines-quits-star-alliance/ |access-date=2024-08-30 |website=Skift |language=en-US}}</ref> SAS runs the frequent flyer program [[EuroBonus]].