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.

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