The European Commission has today declared the Kingdom of Denmark’s and the Kingdom of Sweden’s participation in SAS’ restructuring process compatible with applicable EU State aid rules. The approval marks another important step forward for SAS in its transformation plan and in the on-going restructuring proceedings.

The effectiveness of SAS’ chapter 11 plan of reorganization remains subject to various conditions precedent, including approvals from various regulatory authorities and a successful completion of SAS AB’s company reorganization proceeding in Sweden.

Information regarding SAS’ U.S. chapter 11 cases and SAS AB’s company reorganization in Sweden

Additional information regarding SAS’ voluntary chapter 11 cases in the U.S. and SAS AB’s company reorganization in Sweden is available on SAS’ dedicated restructuring website, https://sasgroup.net/transformation. U.S. court filings and other documents related to the chapter 11 cases in the U.S. are available on a separate website administered by SAS’ claims agent, Kroll Restructuring Administration LLC, at https://cases.ra.kroll.com/SAS. Information is also available by calling (844) 242-7491 (U.S./Canada) or +1 (347) 338-6450 (International), as well as by email at SASInfo@ra.kroll.com. Swedish court filings related to SAS AB’s company reorganization in Sweden can be requested from the Stockholm District Court, and certain documentation is also provided by the administrator on a separate website administered by Ackordscentralen (AC-Gruppen AB),https://ackordscentralen.se/en/reorganisations/sas-ab/.

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