(CercleFinance.com) – Air France-KLM intends to join forces with SAS AB within the framework of an equity investment and commercial cooperation.
Air France-KLM would take a minority stake of a maximum of 19.9% of the share capital of SAS AB.
Air France-KLM intends to improve the Group’s presence on the Scandinavian markets through commercial cooperation between its companies and SAS AB.
Benjamin Smith, Chief Executive Officer of the Air France-KLM Group, said: ‘Thanks to its historic roots in Scandinavia and its strong brand, SAS presents considerable potential for Air France-KLM. This cooperation would allow Air France-KLM to strengthen its presence in the Nordic countries and improve connectivity in this region for the benefit of Scandinavian and European travelers. ‘