AMF, Sweden’s third-largest pension provider, is investing SEK200m in Swedish airline operator BRA (Braathens Regional Airlines) via a new share issue from the privately-owned airline, which is aimed at financing BRA’s continued growth and work to achieve carbon neutrality.
Anders Oscarsson, head of equities and ownership at AMF, said: “We see this as an exciting opportunity to invest in important Swedish infrastructure, and in a company with a very ambitious growth and sustainability agenda. The quest to quickly become climate neutral is an important piece of the puzzle for commercial success in an industry that is traditionally perceived to account for relatively large emissions.”
“We believe that this has the potential to be a good deal for our savers, and look forward to following BRA’s continued development as active owners,” Oscarsson said.
Before the shutdown in connection with the pandemic, BRA operated 27 Swedish airlines, and had around 2 million passengers annually. After the restart in May 2021, BRA has opened 16 domestic routes, which are operated with modern climate-efficient regional aircraft.
BRA works actively to increase the proportion of bio-aviation fuel in its flights. The company's ambitions in electric aviation are also very high, and the goal is for the company to be completely fossil-free by 2030.