SAS AB
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Public (: ) (Nasdaq Stockholm: SASSAS DKK) |
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| Industry | Aviation |
| Founded | 1946, merger of ABA (1924), DDL (1918), and DNL (1927) |
| Headquarters |
SAS Frösundavik Office Building Solna Municipality, Sweden |
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Area served
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Europe |
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Key people
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Fritz Schur (Chairman) Rickard Gustafson (CEO) |
| Services | Airline services |
| Revenue |
 SEK 39.650 billion (2015) |
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SEK 1.417 billion (2015) |
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SEK 956 million (2015) |
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| Total assets |
SEK 30.266 billion (2015) |
| Total equity |
SEK 6.339 billion (2015) |
| Owner | Government of Sweden (21.4%) Government of Denmark (14.3%) Government of Norway (14.3%) |
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Number of employees
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11,288 (2015) |
| Website | www |
Scandinavian Airlines System Aktiebolag (: , Nasdaq Stockholm: SAS, SAS DKK), trading as SAS Group and SAS AB, is an airline holding company headquartered in the SAS Frösundavik Office Building in Solna Municipality, Sweden. It is the owner of the airlines Scandinavian Airlines. SAS used to own 19.9% of the now defunct Spanish airline Spanair. It also owns 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, and Skyways Express. 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% is held by private owners, of which Foundation Asset Management at 7.6% is the only significant one. The company is listed on the , the , and the .
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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