Scandinavian airline SAS said on Tuesday it would buy up to 40 Airbus widebody aircraft in the largest investment in the company’s history.
“The Airbus order represents the highest-value aircraft order ever placed by SAS, with a total list price of over $10 billion,” it said in a statement.
The investment comes just two years after the airline, part-owned by Air France-KLM, came out of Chapter 11 bankruptcy following years of financial difficulties and a huge drop in traffic during the COVID-19 pandemic.
“Together, these investments will support the continued development of SAS’ long-haul network, enhancing the airline’s ability to connect Scandinavia with key international markets in the decades ahead,” SAS said.
(Reporting by Anna Ringstrom and Simon Johnson)
