All articles tagged with #sas
Scandinavian Airlines will cancel about 1,000 flights in April (with additional March cancellations) due to sharp rises in oil and jet fuel prices linked to the Middle East conflict and Strait of Hormuz disruptions. The airline says it’s absorbing some costs but may raise prices if the situation persists, offering rebookings and early notices, with more short‑term cancellations expected after Easter as traffic typically dips.
The Afghan data breach is a significant security incident, exposing thousands of names including British operatives and vulnerable Afghans, potentially endangering lives and compromising intelligence operations, with adversaries like Russia and China possibly in possession of the leaked information. UK agencies have had nearly two years to mitigate risks, but the threat to Afghan allies remains high, especially from Taliban retribution.
Air France-KLM plans to increase its stake in Scandinavian Airlines (SAS) from 19.9% to 60.5%, aiming to fully integrate SAS into its group by 2026, driven by SAS's improved performance and strategic restructuring, with regulatory approval expected to be a key step.
Shares in Scandinavian airline SAS plummeted by 95% after the company announced a restructuring deal that will result in its delisting from exchanges. The deal involves U.S. investment firm Castlelake and aviation company Air France-KLM becoming major shareholders, with the Danish government and Lind Invest also holding stakes. SAS, which filed for bankruptcy protection in July 2022, will leave the Star Alliance and join the Sky Team Alliance, potentially impacting the airline industry and the dynamic between the two alliances.
Scandinavian Airlines (SAS) plans to leave the Star Alliance and join the SkyTeam alliance in a new tie-up with Air France-KLM. The move, pending regulatory and shareholder approvals, comes after Air France-KLM won a bid to provide exit financing for SAS to emerge from bankruptcy protection. If approved, Air France-KLM would hold a noncontrolling 19.99% stake in SAS, allowing the airlines to coordinate schedules across multiple hubs. This decision reflects the ongoing consolidation in the European airline industry, with Lufthansa Group recently acquiring a stake in ITA Airways and speculation surrounding the potential sale of TAP Air Portugal.
Ben Roberts-Smith, Australia's most decorated living war veteran, has been found to have unlawfully killed prisoners and committed other war crimes in Afghanistan by a federal court judge. The judge dismissed Roberts-Smith's claims of defamation by media and found that the articles published in 2018 were substantially true about a number of war crimes committed by him. The accusations included killing a prisoner who had a prosthetic leg, kicking an unarmed, handcuffed farmer off a cliff into a riverbed where he directed a soldier under his command to shoot the farmer dead, and pressuring a "newly deployed and inexperienced" soldier to kill an elderly, unarmed Afghan to "blood the rookie."