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SAS Group

Company nameScandinavian Airlines System Aktiebolag
Company typePublic
(Ose - SAS)
(OMX - SSE13557SAS OMXb - CSE13584SAS DKK)
Founded1946, merger of ABA (1924), DDL (1918) and DNL (1927)
HeadquartersSolna, Sweden
Key peopleRichard Gustafson (CEO)
Fritz H. Schur (chair)
Revenue(-) SEK 3 billion (2009)
Operating income(-) SEK −765 Billion (2008)
Net income(-) SEK −6.321 million (2008)
Total assets(-) SEK 43.364 billion (2008)
Total equity(-) SEK 8.682 billion (2008)
Employees24,635 (2008)

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Scandinavian Airlines System Aktiebolag (Ose - SAS, OMX - SSE13557SAS, OMXb - CSE13584SAS DKK), trading as SAS Group and SAS AB, is a holding company based in Solna, Sweden. It is the parent company of the airlines Scandinavian Airlines, Blue1 and Widerøe, and the aviation services companies SAS Business Opportunities, SAS Cargo Group, SAS Ground Services and SAS Technical Services. It holds minority ownership of Air Greenland, Estonian Air, Skyways Express and Spanair. The SAS Group is partially owned by the governments of Sweden, Denmark and Norway, with a 21.4%, 14.3% and 14.3% ownership, respectively. The remaining 50% are held by private owners, of which Foundation Asset Management at 7.6% is the only significant. The company is listed on the Oslo Stock Exchange, the Stockholm Stock Exchange and the Copenhagen Stock Exchange.

The conglomerate was founded in 1951 as a merger between the three Scandinavian flag carriers Aerotransport (ABA), Det Danske Luftfartselskab (DDL) and Det Norske Luftfartselskap (DNL), after the three had been cooperating on international routes since 1946. Until 2001, the three national companies owned a fixed share of the SAS Group, after which the shares of the three companies were merged. The SAS Group previously has owned the Rezidor Hotel Group and Braathens and has had minority ownership of bmi, airBaltic, Thai Airways International and Lan Airlines. SAS was a founder of the Amadeus Computerised Reservation System and the Star Alliance, where several of the group's airlines are members. SAS runs the frequent flyer program EuroBonus.

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