Scandinavian Airlines (SAS) Airbus A320 planes are parked at Copenhagen airport in Kastrup, Denmark, March 15, 2020. TT News Agency/Johan Nilsson via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. SWEDEN OUT. NO COMMERCIAL OR EDITORIAL SALES IN SWEDEN.
STOCKHOLM (Reuters) – Scandinavian airline SAS (SAS.ST) said on Tuesday it had agreed on a recapitalization plan with its main owners to restore equity of 14.25 billion Swedish crowns ($1.53 billion) and secure around 12 billion of new funding.
The plan is supported by biggest owners Sweden, Denmark and the Knut and Alice Wallenberg Foundation, SAS said in a statement.
($1 = 9.3425 Swedish crowns)
Reporting by Anna Ringstrom; editing by Niklas Pollard