The Group Air France-KLM has confirmed that it has completed the acquisition of its minority stake of 19,9 % in the capital of SAS AB (SAS Scandinavian Airlines). This acquisition follows the granting of regulatory approvals by both the European Union and the United States. The transaction represents a 144.5 million investment for the Air France-KLM group. After two years, Air France-KLM may, if it so wishes, increase its shareholding and become a shareholder of Air France-KLM. controlling shareholder.
At the same time, Air France-KLM and SAS have also detailed an extended cooperation agreement which comes into force on 1 September.
The two partners are thus extending their code-share and interline marketing. For Air France-KLM passengers, this means the addition of 33 code-share destinations in Europe via the hubs of Copenhagen-Katrup, Stockholm Arlanda and Oslo-Gardermoen. SAS passengers now also have access to 33 destinations in Europe via Paris-CDG and Amsterdam-Schiphol.
The agreement also provides for reciprocity of loyalty programme benefits Air France-KLM and SAS.
And because good things come in threes, on that same date, 1 September, we were able to celebrate our new home, SAS officially becomes a member of the Skyteam alliance. With all the advantages linking all the airlines in the alliance.
