The Extraordinary General Meeting in SAS AB ("SAS") held on January 10, 2024
resolved, in accordance with the Board's proposals, to approve that SAS enter
into unilateral commitments towards the Kingdom of Denmark and the Kingdom of
Sweden, respectively, to introduce a so-called "step-up mechanism" in relation
to the states' 2020 share investments in SAS.
The introduction of the step-up mechanism is a condition for the European
Commission's renewed approval of the State aid provided by the states as part of
the 2020 recapitalization of SAS, as further described in the press release
announced by SAS on November 29, 2023.
In accordance with the approval of the General Meeting, SAS intends to enter
into the commitments on January 11, 2024.
For further information, please contact:
SAS Press office, +46 8 797 29 44
Investor relations, +46 70 997 7070
SAS, Scandinavia's leading airline, with main hubs in Copenhagen, Oslo and
Stockholm, flies to destinations in Europe, USA and Asia. Spurred by a
Scandinavian heritage and sustainable values, SAS aims to be the driving force
in sustainable aviation and in the transition toward net zero emissions. We are
continuously reducing our carbon emissions through using more sustainable
aviation fuel, investing in new fuel-efficient aircraft and technology
innovation together with partners - thereby contributing towards the industry
target of net zero CO2 emissions by 2050. In addition to flight operations, SAS
offers ground handling services, technical maintenance and air cargo services.
Learn more at https://www.sasgroup.net