Two groups of investors, including US private equity group Apollo Global Management, have made a bid for Scandinavian airline SAS.
Scandinavia’s largest carrier has filed for bankruptcy protection in the United States in mid-2022 after years of battling high costs coupled with weak customer demand brought on by the covid pandemic.
Apollo would like a majority stake
SAS had said any fundraising bid would have to include the Danish state, which currently holds a 22% stake.
Apollo is already with Air France
Last July, Air France-KLM and the American fund Apollo Global Management signed a definitive agreement for quasi-equity financing of 500 million euros for the engineering and maintenance components (MRO) activity. ) of Air France