NEW YORK – August 28, 2024 – SAS has successfully completed its restructuring proceedings and emerged from Chapter 11 in the U.S. and from Swedish company reorganization with US$ 1.2 billion of new capital investment, marking the start of a new era for the airline.

“By successfully concluding its comprehensive business and financial transformation plan, SAS today emerges as a financially robust and competitive airline,” commented John E. Luth, Chairman, President & CEO of Seabury Securities. “With a strengthened capital structure, an experienced management team, and an attractive new customer offering together with joining the SkyTeam global alliance, as well as a commitment to driving transformational change and sustainability in aviation, SAS will remain a leader in our industry for generations to come. Seabury Securities and its aviation professionals, Seabury Aviation Partners, proudly supported the SAS team as investment banker and restructuring advisor in carrying out their impressive efforts to transform SAS into a strong competitive airline connecting Scandinavia to the world.”

Read the official announcement at https://www.sasgroup.net/newsroom/press-releases/2024/sas-enters-a-new-era-as-scandinavias-leading-airline-following-successful-emergence-from-restructuring-proceedings/

ABOUT SEABURY CAPITAL GROUP

Seabury Capital Group LLC (“Seabury”) is headquartered in New York City with a global presence with professionals around the world. It operates a number of specialty finance, investment banking, technology, and software companies with a core focus anchored in aviation, aerospace & defense, and financial services & technology. www.seaburycapital.com.