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    For the first instance, Boeing has disclosed the sales distribution for its 737 MAX lineup, with the upcoming -10 variant nearing the milestone of 1,000 orders.

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        For the first instance, Boeing has disclosed the sales distribution for its 737 MAX lineup, with the upcoming -10 variant nearing the milestone of 1,000 orders.

        Boeing Addressing Safety Concerns in the New Updates to the 737 MAX

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        For the first instance, Boeing has disclosed the sales distribution for its 737 MAX lineup, with the upcoming -10 variant nearing the milestone of 1,000 orders.

        Boeing Addressing Safety Concerns in the New Updates to the 737 MAX

        World’s Most Beautiful Terminal T2 at Manchester Airport

        Manchester Airport’s New Terminal Earns Global Recognition as One of the World’s Most Beautiful

        Oscar Viñals Hyper Sting Nuclear Powered Supersonic Aircraft Travel

        New Nuclear-Powered Supersonic Transatlantic Travel Promised by a Startup

        JetBlue Spirit Airlines Merger

        JetBlue-Spirit Merger: What Happens Next If Merger Fails?

        Top 10 Airlines by Highest Flight Frequency in the World

        Best Frequent Flyer Programs for the US Travellers

        American Delta United Airlines Don't Provide Flight Ticket Upgrades

        Best and Worst US Airports to Travel on Holiday

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          Delta Air Lines (DL) plans to introduce special long-haul international flights to Las Vegas (LAS) for CES 2024.

          Delta Announces New Flights from Seattle to Taipei

          Virgin Australia, United, Qantas, Air Canada at Brisbane Airport

          Six Airlines Serve 20 Routes Connecting Australia and the US

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          United Airlines Removes Boeing 777 From New York EWR and Put it on SFO and More

          United Announces New Flights from San Francisco to Barcelona

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          AirAsia CEO Travelled on Singapore Airlines As His Flight was Full, People Trolls Him

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          • Pilot Corner
            For the first instance, Boeing has disclosed the sales distribution for its 737 MAX lineup, with the upcoming -10 variant nearing the milestone of 1,000 orders.

            Boeing Addressing Safety Concerns in the New Updates to the 737 MAX

            Air India pilots

            Air India Pilot Unions Concerned About New Duty Time, Accuses Tata of Not Complying with DGCA Norms

            Air India New Rebranded Livery and Logo Disappointed Me: Planespotter

            Air India Initiates New Peer Support Programme for Pilots

            Avelo Airlines Announces New Flights to Las Vegas and Los Angeles from Salem / Portland

            Avelo Airlines Announces New Compensation for its Pilots

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          Home » US-Based Apollo Eyes Seat Onboard SAS Airline Investor Group

          US-Based Apollo Eyes Seat Onboard SAS Airline Investor Group

          In SAS's recent announcement, Air France-KLM and U.S. investment firm Castlelake were identified as new major shareholders, joining forces with the Danish state.

          Bhavya Velani by Bhavya Velani
          October 15, 2023
          in News
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          US-Based Apollo Eyes Seat Onboard SAS Airline Investor Group

          Photo: By Dylan T - Scandinavian Airlines System, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=90741653

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          COPENHAGEN- US private equity firm Apollo Global Management aims to become part of the consortium chosen by Scandinavian airline SAS (SK) for its bankruptcy proceedings.

          This decision comes after SAS faced financial difficulties due to the pandemic and intense competition from low-cost carriers, leading the airline to file for bankruptcy protection last year.

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          US private equity firm Apollo Global Management aims to become part of the consortium chosen by Scandinavian airline SAS (SK) for its bankruptcy proceedings.
          Photo: By BriYYZ – https://www.flickr.com/photos/40563877@N00/49510100306/, CC BY-SA 2.0, https://commons.wikimedia.org/w/index.php?curid=87410253

          Apollo Eyes SAS Airline Investor

          In SAS’s recent announcement, Air France-KLM and U.S. investment firm Castlelake were identified as new major shareholders, joining forces with the Danish state.

          Apollo, which had provided SAS with a $700 million debtor-in-possession (DIP) loan for its restructuring last year, was widely expected to be a successful participant in SAS’s equity-raising efforts during its Chapter 11 bankruptcy plan.

          Apollo still retains its status as an active bidder in this process, with the potential option to convert its loan into equity upon its conclusion, reported exclusively by Reuters.

          An insider source confirmed this and stated that the U.S. firm is looking to provide SAS with additional funding in addition to the commitment made by the winning consortium regarding their investments.

          The specific size of the stake that Apollo intends to secure and the exact amount it plans to invest remain uncertain.

          The combined investments from new shareholders, including Danish investment firm Lind Invest, in the restructured SAS would reach 12.9 billion Swedish crowns, equivalent to $1.18 billion.

          Stay tuned with us. Further, follow us on social media for the latest updates.

          Also Read: US Airlines, Including American, United, Delta, and Southwest, want you to Dress Properly – Aviation A2Z

          Join us on Telegram Group for the Latest Aviation Updates. Subsequently, follow us on Google News.

          Avianca and United Expands the Codeshare with New Flights
          Source: Reuters
          Tags: ApolloApollo Global ManagementSAS AirlinescandinavianScandinavian airlineScandinavian airline SAS
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          Bhavya Velani

          Bhavya Velani

          Bhavya Velani is the Founder of Aviation A2Z. Bhavya Started Aviation A2Z as a youtube channel and created unique and engaging content for Aviation Professionals. He is very passionate about Writing Aviation Blogs and creating content. Founded in 2018, Aviation A2Z has grown rapidly, with 1 Million Monthly visitors. Bhavya writes for Airways Magazine, AIRLIVE, AeroXplorer, Travel Radar and other global publications.

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