SAS’ $1.4bn restructuring plan approved by European Commission

The European Commission has approved Scandinavian Airlines’ (SAS) €1.3bn ($1.4bn) restructuring aid plan, the Swedish airline said on June 28, 2024.  “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,” SAS read in a statement. “The approval marks another step forward for SAS in its transformation plan and in the on-going restructuring proceedings.”  The European Commission said the measure will enable the company to restore its long-term viability while minimising competition distortions.   “The restructuring aid to SAS approved today will contribute to